Seguin adopts tax rate, budget for fiscal year
Wednesday, October 02, 2019
The city of Seguin’s 2019 tax rate was officially set Wednesday night.
Seguin City Council officially adopted the city’s 2019-20 tax rate and budget Wednesday night at a regular board meeting.
Council members heard the second reading of the order levying a tax rate of $.5412 per $100 valuation during the brief council meeting. The rate is a continuation of last year’s mirroring numbers.
The council unanimously adopted the spending plan.
Additionally, four amendments to the 2019-2020 fiscal year budget also came before council.
They heard an amendment to the general fund budget, which passed unanimously following a motion by council member Mark Herbold and a second by council member Penny Wallace.
Council also approved a motion amending the city’s debt service fund budget– a collection used to pay the city’s interest and principal due to indebtedness, special revenue and fiduciary funds budget, and the utility fund budget.
In other news:
• A resolution determining that an area within downtown Seguin contains conditions that are a risk to public health and safety was passed following a roll call vote.
• A resolution approving the submission of a downtown revitalization program/Main Street Texas capital fund grant application to the Texas department of agriculture was proposed seeking to make improvements to infrastructure in the area. The resolution was approved following a motion by council member Crabb and seconded by council member Chris Aviles.
To view the original story from the Seguin Gazette, please click here.