By George Slaughter The Katy Independent School District Board of Trustees Monday approved a $1.1 billion budget that will include a property tax decrease for the fourth consecutive year. In a presentation to trustees, Chief Financial Officer Chris Smith said the property tax rate would be $1.35 per $100 property valuation, a 4-cent decrease from last year’s $1.39 rate. The district has been able to reduce property tax rates as commercial and residential growth increase […]
Budget
City Adopts 2020-2021 Budget and Tax Rate
By George Slaughter The Katy City Council Monday adopted a $32 million budget and a property tax rate of $0.447168 per $100 to help support it. The budget is a slight decrease from last year’s $32.2 million budget. The rate is a decrease from last year’s $0.48 per $100. The budget covers public safety (58%), general government operations (24%), streets (8%), debt service (6%), and other services (4%). Tax revenues come from property taxes (41%), […]
City Begins Approval Process for Tax Rate, Budget
By George Slaughter The Katy City Council Tuesday afternoon began its process of approving a proposed property tax rate of $0.447168 per $100 valuation and rescheduled the public hearing on that rate to 4 p.m. September 23. The proposed rate is a decrease from last year’s $0.48 per $100, in support of a proposed $32 million city budget for 2020-2021. The overall budget, at $32 million, is a slight decrease from last year’s budget of […]
Railroad Commission Presents 2018-19 Budget Request to Senate Finance Committee
Priorities Include More Inspectors, IT Modernization, and Sustainable Revenue Source AUSTIN-Railroad Commission Chairman Christi Craddick today presented the Railroad Commission’s 2018-19 biennial budget request to the Texas Senate Finance Committee. The Commission’s budget request totals $85 million for Fiscal Year 2018 and $85 million for Fiscal Year 2019. To ensure the Commission continues to meet its mission of protecting public safety and the environment, it is requesting an additional $16.1 million. These funds would […]