COPPERAS COVE — “Would anybody like to speak for or against?” Mayor John Hull asked with a brief pause, followed by silence. He repeated. “Would anybody like to speak for or against?”
Those attending the Copperas Cove City Council meeting Tuesday sat in silence for about 10 seconds during two formal public hearings.
No residents spoke about the fiscal year 2014 proposed property tax rate increase to 77.74 cents per $100 of assessed property value.
The current property tax rate is 76 cents. The increase could cost residents with $100,000 households an additional $17.40 for the year.
The higher rate is estimated to generate about $9.4 million in revenue for the city.
Of the proposed rate, 52.29 cents would be allocated for maintenance and operations and generate about $6.5 million in revenue; 25.45 cents would go toward paying the city’s debt, a $2.9 million cost.
Residents also declined to comment about amendments to proposed fiscal year 2014 budget of $52.8 million.
According to the proposed budget, the city’s general operating fund consisted of expenditures proposed at $15.1 million and expenses at $16.1 million. The water and sewer fund projected revenues are $11.6 million and expenses are $11 million.
The solid waste fund showed about $3.3 million in revenue with close to the same for expenditures. Drainage fund revenues are estimated at $891,000 and expenses are proposed at $1.3 million. The golf course fund projects revenues at about $412,000 and $533,000 in expenses.
Council members will review the two proposed issues one more time before voting on the budget and property tax rate.
The city’s budget director, Ryan Haverlah, said the final vote will take place at 6 p.m. Tuesday at City Hall, 507 S. Main St.
Contact Mason W. Canales at email@example.com or (254) 501-7474