• October 2, 2014

Cove council approves tax rate, budget

City alters some fees

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Posted: Wednesday, September 5, 2012 4:30 am | Updated: 11:47 am, Wed Jul 16, 2014.

COPPERAS COVE — The City Council approved a more than $42 million fiscal year 2012-13 budget with a slightly lower property tax rate Tuesday.

City Budget Director Ryan Haverlah noted the council and staff have spent almost two months in budget discussions for the upcoming fiscal year.

“I actually expected a cheer as I was walking up here, but maybe I will get that after we get this passed,” Haverlah said before stating the budget called for

lowering the tax rate by about 0.39 cents per $100 of property valuation. That rate would generate more revenue than the city received in the 2011-12 fiscal year because of increased property values.

The new property tax rate will be 76 cents per $100 of property valuation and will generate about $6.7 million for the city’s general fund and about $2.2 million for the city’s debt services fund.

Expenses for the city’s general operations are about $15.3 million and total revenues are projected at $14.5 million. The city’s sewer and water fund includes expenses of about $10.5 million and revenues of $11.7 million; the solid waste fund includes $3.3 million in revenues and $3.1 in expenses; the debt service fund includes $15 million in revenues and $15.2 million in expenses.

Along with the 2012-13 fiscal year budget, the council approved several changes to the city’s fee schedule, including numerous changes to animal control fees, sewer and water fees and solid waste fees.

Lampasas Central Appraisal District and the Copperas Cove Economic Development Corporation’s budgets also were approved by the council.

In other action, council members:

Approved an encroachment into a utility easement with Belpas Inc. at 818 N. First St., Farm-to-Market 116.

Reappointed Dan Yancey to the economic development corporation.

Appointed retired Lt. Gen. Paul Funk to the corporation.

Approved the election judges for the November general election.

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