Seguin adopts tax rate, budget for fiscal year

Wednesday, October 02, 2019

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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

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