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The original item was published from 9/2/2020 1:14:00 PM to 9/16/2020 9:13:24 AM.

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Posted on: September 2, 2020

[ARCHIVED] Council sets vote on FY 2020-21 budget, tax rate

The Colony City Hall

During its regular meeting on Tuesday, Sept. 1, The Colony City Council received a presentation on the proposed City Budget and tax rate for fiscal year 2020-21. The City Council is considering a 1/2-cent reduction to the property tax rate.

If approved, it would make this coming fiscal year the 18th time in the past 19 years they have reduced the rate. The outlier was a year the rate remained flat. Other budget highlights for 2020-21 include:

  • Six new paramedics for the Fire Department;
  • $1M for general street, alley, and sidewalk maintenance;
  • $130K for recreation center renovations;
  • $4M for street reconstruction projects on Marsh; John Yates (Nash to Strickland); and Hendricks; and,
  • $450K for drainage-improvement projects in The Tribute and on Windhaven Parkway.

Residents are encouraged to view the Preliminary Budget for 2020-21 on the city’s website. The City Council will formally vote on the budget and tax rate at its next meeting, scheduled for 6:30 p.m. Tuesday, Sept. 15, at City Hall.

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