Bluegrass

Preliminary budget shows tax rate decrease for city

by | Aug 2, 2018 | Latest

A tax rate decrease is being discussed within the preliminary budget for the city of Farmersville. (Courtesy photo)

The city of Farmersville has started its budget work and a tax rate decrease is in the works.

Preliminarily, the city is discussing dropping the tax rate from 78 cents per $100 valuation to 75 cents per $100 valuation, a 3-cent decrease. Within this tax rate, 34 cents is designated for debt services and 38 cents is reserved for maintenance and operations.

The effective rate for the city is 73 cents per $100 valuation and the rollback rate is $.758173 per $100 valuation.

By Wyndi Veigel • News Editor • [email protected]

For the complete story see the Aug. 2 edition or subscribe online.

Collin FP Summer/Fall 2026 registration

0 Comments

FISD Grad

Related News

Body cameras enhance training

Body cameras enhance training

A NCTCOG recruit wears a body cam. Courtesy photo The North Central Texas Council of Governments Regional Police Academy is expanding its use of technology to better prepare future law enforcement officers by incorporating Motorola Solutions V700 body cameras into...

read more
Commissioners consider $820M bond package

Commissioners consider $820M bond package

Collin County commissioners on Monday received a report outlining a possible bond issue election that could appear on the November ballot. The county could seek $820 million in bonds to fund several projects, including  a major expansion of the county jail, which...

read more
Applications for holiday assistance now open

Applications for holiday assistance now open

The 2 Fishes Project is now accepting applications for families in need of Christmas gift assistance.  Courtesy photo While many North Texans are planning Fourth of July cookouts and looking forward to fireworks, Danielle Girdano is already thinking about Christmas....

read more
Hidden in Plain Sight

Hidden in Plain Sight

The rusted water tower is one of the last visible reminders of the Princeton POW Camp, which briefly housed German prisoners of war during World War II. The Stories Collin County Forgot to Notice Every time I drive through Princeton, I pass the same brown sign. You...

read more
Subscribe 300x250 - Love