By George Slaughter The Katy City Council Monday adopted a $34.5 million city budget for the 2021-22 fiscal year, and kept its property tax rate the same in doing so. The budget reflects a $576,353, or 1.7%, increase from last year. The largest portion of the budget, public safety, comprises the budget for the police, fire, and animal control departments. Overall, those three departments will have an increased budget of $1.5 million, or 8.4%, from […]
Taxes
State Sales Tax Revenue Totaled Nearly $3 Billion in November
Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.98 billion in November, 6.3 percent less than in November 2019. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November. “November state sales tax collections continued the trends of recent months, with receipts down from a year ago in all major economic sectors other than retail trade,” Hegar said. “Increased collections from retail […]
City of Katy Adopts 2017-2018 Budget
By George Slaughter The Katy City Council Friday afternoon voted to reduce local property taxes by two cents per $100 valuation while adopting its 2017-2018 budget. Even though there will be a tax rate decrease, the city will generate 12 percent more in total revenues because there will be more homes on the tax rolls in the coming year. This is the fifth consecutive year the city has given a property tax cut. The city’s […]
City Holds Two Public Hearings on Proposed Tax Rate
By George Slaughter The Katy City Council Monday night held its second of two state law-mandated public hearings on the tax rate to fund the 2017-2018 city budget. The city will have a larger tax base to work with this year, thanks to growth in housing. Estimated tax revenues are $9.7 million, a 12% increase from the current figure of $8.6 million. City officials said that, in legal language, the tax rate is increasing because […]
Katy City Council Sets Public Hearings on Proposed City Budget and Tax Rate
By George Slaughter The Katy City Council Tuesday night announced two public hearings for its proposed 2017-2018 city budget and the tax rate needed to fund it. The first public hearing is set for 6 p.m. Thursday, September 21. The second public hearing is set for 6:30 p.m. Monday, September 25, during the council’s regularly scheduled meeting. Both meetings will take place at Katy City Hall, 901 Avenue C. Two public hearings are required because […]