Proposed budget drops tax rate by 2.6 cents

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By KAROLYN GEPHART

City of Friendswood’s Katina Hampton presented the Fiscal Year 2018 Proposed Budget at the Aug. 7 meeting of the Friendswood City Council. The FY18 Proposed Budget contains more than $56 million in revenues and expenditures.

The proposed tax rate as presented was .5200, a decrease of almost 3 cents less than the current rate of .5460.

Since 1976, the tax rate has decreased 70 cents from 72 cents in 1976 to 52 in 2018.

Hampton also cited residential growth in the past five years has been 6.4 percent.

She presented an overview of the budget development process, challenges and highlights of the proposed budget.

The budget presentation is the first of several months of City Council budget meetings, workshops, and public hearings, before the City Council adopts a budget in September.

A public hearing on the budget will take place Sept.11 and public hearings on the tax rate are planned for Sept. 21 and 25.

The budget and tax rate adoption will be Oct. 2.

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