City Council sets vote on tax rate, budget for 2020-21
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, which 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 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.