City talks FY 2016 budget

by | Aug 6, 2015 | Latest

By Wyndi Veigel

News Editor

[email protected]

The Farmersville City Council held its second budget workshop for the upcoming Fiscal Year July 28.

On tap for the discussion was what to set the preliminary tax rate at and what items would be included for the FY 2015 –‘ 16 budget.

During the budget workshop, council talked about setting the preliminary tax rate at $.8689 per $100 valuation.

The average homeowner is Farmersville with a $100,000 house would end up paying $868 in city taxes with this preliminary tax rate.

Within the preliminary tax rate, the Interest and Sinking portion, which is used for city debt such as bond payments, will raise $754,433 and be $.4460 per $100 valuation.

The Maintenance and Operation fund portion of the tax will be $.4229 per $100 valuation which will raise $715,338 and $20,867 in the TIRZ zone.

The effective tax rate is $.7857 per $100 valuation. An effective rate is the levy that would raise the same revenue amount as in the prior year.

The council did discuss going to the preliminary tax rate plus three percent, however, they wanted to keep the tax rate under other cities in the county.

“We will be highest in Collin County if we did the effective plus 3 percent,” Mayor pro tem Jim Foy said. “We definitely want to keep it lower than Wylie.”

In the proposed budget, there are several included items.

There is a proposed increase to the mayor and city council budget up $5,000 for a budget workshop for FY 2016 –’17.

Currently the mayor gets paid $50 a month and city councilmembers get paid $20 per month. The majority of those serving in these positions donate that money back to the community such as to the Senior Citizens Center.

An increase bringing the part-time librarian up to full- time is included at an expense of $24,625.

Public safety will also have several items included in the preliminary FY 2015 –’16 budget.

Additional bunker gear for the fire department will be $23,000, an increase for dispatch will be $4,592, an additional paid firefighter will be $48,664 and a lease agreement for two new patrol cars will be $28,350.

Other items included in the preliminary budget are individual performance increases at a cost of $20,961, cost of living increases $58,102, backhoe lease $30,000, new city hall server $25,000 and an additional code enforcement officer $47,411.

The proposed tax rate will be discussed during the Aug. 11 city council meeting.

Public hearings for the tax rate will be held Aug. 25 and Sept. 1. The budget and tax rate will be adopted during the Sept. 8 council meeting.

0 Comments

Related News

Farmers lose to Ferris

Farmers lose to Ferris

After giving up three fourth-quarter touchdowns, the Farmers (2-2) weren’t able to do enough to win, losing to Ferris (3-1) 49-38. Key Play of the Game: Ferris picks off Gray in the fourth quarter. Farmersville trailed 28-17 midway through the third quarter before...

read more
Lady Farmers win district opener at Terrell

Lady Farmers win district opener at Terrell

In their district opener, the Lady Farmers had the opportunity to prove how special they are. Farmersville (25-1) had one of its best pre-district starts to any season. The Lady Farmers won 18 games in a row, including victories over 5A schools like Greenville and...

read more
Three keys to victory: Farmersville vs Ferris

Three keys to victory: Farmersville vs Ferris

After losing at  Krum, the Farmers hope to get back on track Friday, hosting Ferris. Here are three keys to a Farmersville victory over Ferris: Recapture the pass under Gray Farmersville faces a big offensive challenge against Ferris. Relying on their rushing...

read more
Farmers run in Canton

Farmers run in Canton

The Farmersville cross country team returned to action on Saturday, Sept. 11, running in Canton. As a team, the varsity Farmers finished seventh out of nine schools with 203 total points. Junior Mikey Klemiuk had the best finish, ending up 26th overall out of 70...

read more
Farmers fall on road against Krum

Farmers fall on road against Krum

After falling behind in the first quarter, the Farmers couldn’t find the end zone en route to a 48-15 road loss to Krum Key Play of the Game: Krum recovers fumble near endzone Near the end of the second quarter, Farmersville was driving in opposing territory, trailing...

read more
Remembering 9/11

Remembering 9/11

September 11, 2021 marks the 20th anniversary of the 9/11 terrorist attacks. On September 11, 2001, 19 militants associated with the Islamic extremist group al Queda hijacked four airliners and carried out suicide attacks against targets in the United States. Two...

read more
Lady Farmers win road matchups

Lady Farmers win road matchups

With one week left until district play, the Lady Farmers have established themselves as a top-tier program. Through the first 24 games, Farmersville has one of its best starts to any season. Since losing to Royse City in the first tournament of the year, the Lady...

read more
Abbott announces third session agenda

Abbott announces third session agenda

Gov. Greg Abbott announced Sept. 7 that a third special session begins on Sept. 20, with redistricting one of the issues to be considered. The session will include four other agenda items: American Rescue Plan Act appropriations, specifics on transgender athletes'...

read more
Farmersville runs wild on A+ Academy

Farmersville runs wild on A+ Academy

Points came early and often for Farmersville(2-0), as they built a 54-0 lead and cruised to a 74-0 victory over A+ Academy(0-2) In the 1st quarter, Farmersville erupted with 256 total yards on offense to go with 5 touchdowns.  EJ Chairez, Brady Tidwell, Jeralin...

read more
City offices remain open

City offices remain open

Over the weekend, concerns were raised as to whether the city of Farmersville administrative offices had been shut down due to a coronavirus outbreak. Police Chief Mike Sullivan, who also serves as the city’s Emergency Manager Coordinator, confirmed that a number of...

read more