budget highlights 2009
Midland, Texas - The proposed budget for the City of Midland was presented to the Midland City Council.
According to the City of Midland, there are decreases across the board.
But keep in mind, it is far from ready to be adopted.
The city, like everyone else, is looking to be good stewards with taxpayer money in tough economic times.
For instance, the proposed operating budget for 2009-2010 shows a decrease in expenditures from the year before of more than $7 million dollars.
The city also says the proposed general fund budget is a balanced budget of $79-million, a savings of over $4-million.
The current ad valorem tax rate also decreased 87 cents to $47.72 cents per $100 dollar valuation.
But keep in mind, if your propery value is up, you could still be paying more in property taxes.
The city is also projecting $24 million in sales tax revenues.
Public hearings on the tax rate and budget will begin on August 4th, and should wrap up on August 24th.
City officials stress it is a work in progress, and will likely change before finally being adopted.
Midland, Texas - The proposed budget for the City of Midland was presented to the Midland City Council.
According to the City of Midland, there are decreases across the board.
But keep in mind, it is far from ready to be adopted.
The city, like everyone else, is looking to be good stewards with taxpayer money in tough economic times.
For instance, the proposed operating budget for 2009-2010 shows a decrease in expenditures from the year before of more than $7 million dollars.
The city also says the proposed general fund budget is a balanced budget of $79-million, a savings of over $4-million.
The current ad valorem tax rate also decreased 87 cents to $47.72 cents per $100 dollar valuation.
But keep in mind, if your propery value is up, you could still be paying more in property taxes.
The city is also projecting $24 million in sales tax revenues.
Public hearings on the tax rate and budget will begin on August 4th, and should wrap up on August 24th.
City officials stress it is a work in progress, and will likely change before finally being adopted.
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