Public hearing planned for Kerrville’s FY2019 Proposed Budget

A public hearing will be held in the City Council Chambers on Tuesday, August 28 for the first reading of the FY2019 Proposed Budget.

“The budget’s proposed ad valorem tax rate is $0.5514 per $100 of assessed value, which is lower than the effective rate of $0.5538. $0.5514 is the same tax rate as last year,” states the notice of the public hearing.

The following information is a general summary of the City of Kerrville FY2019 Proposed Budget as provided by the City of Kerrville. “This illustration shows revenues and expenditures for each of the City’s two main operating funds. The balance of the funds are combined into a single presentation labeled ‘Other Funds.'”

Image shows the FY2019 Proposed Budget summary, provided by the City of Kerrville.

It is also noted that “the FY2019 Proposed Budget is a balanced budget where current revenues meet or exceed expenditures for all major funds.”

Copies of the FY2019 Proposed Budget are available at City Hall in the City Secretary’s Office, 701 Main Street, the Butt-Holdsworth Memorial Library, 505 Water Street, and on the City’s website at Residents can also view the FY2019 Proposed Budget by clicking here.

The public hearing will take place on August 28, 2018, at 701 Main Street in Kerrville and will begin at 6 PM in the City Council Chambers. The community is encouraged to pick up a copy of the FY2019 Proposed Budget to gain the correct knowledge to help your voice be heard.

A second public hearing is planned for September 11.