04/30/2019
Today is the last day to early vote!!!! 7am to 7pm Pat Bryson Municipal Hall, 201 N Brushy Street.
Truth in Taxation:
I wanted to address a bit of misinformation found on another website stating that I voted to raise taxes twice in my four year tenure.
Here is a little history based on council minutes:
Tax rate was $0.65292 the year before I was on council, $0.67 the year prior to that.
Sept 21, 2015 - Vote to adopt a tax rate of $0.63292. This was a 2 cent reduction in tax rate from the previous year. Vote was unanimous, including then Councilmember Hill and me.
Sept 19, 2016 - Vote to adopt a tax rate of $0.5990. This is over 3 cents reduction in tax rate from the previous year. Vote was unanimous, including then Councilmember Hill and me.
Sept 21, 2017 - Vote to adopt a tax rate of $0.577867. This is over 2 cents reduction in tax rate from the previous year. Vote was unanimous, including then Councilmember Hill and me.
Sept 20, 2018 - Vote to adopt a tax rate of $0.551867. This is over 2 cents reduction in tax rate from the previous year. Vote was unanimous, including Mayor Hill and me.
Here is a great presentation on how property taxes work in the state of Texas. http://gfoatspringconference2014.org/wp-content/uploads/2014/04/Bill-Longley-effective-tax-rate_gfoat.pdf
Here's the nuts and bolts of it but feel free to read yourself.
Exceeding the rollback rate allows the city to hold an election to "roll back" the tax rate to the rollback rate, which is the same amount for operations as in the prior year, plus an 8% cushion.
The effective rate is the tax rate that would give the city the same amount of revenue it had in the previous fiscal year. Exceeding the effective tax rate triggers hearing requirements, as well as "truth-in-taxation" requirements. We went below the effective rate last year and the city was at the effective rate the year prior.
For the 2016 and 2017 budgets we were in between the effective rate and rollback rate. This is where the truth-in-taxation requirement comes into play. Even though we lowered the tax rate over 5 cents, we took in more property tax revenue than the previous year so we had to raise our hands in favor of an increase of taxes. And once again, those votes have been unanimous.