KEMPNER — Going into the 2014 fiscal year, Kempner will have a balanced budget of about $395,000 and residents will see a slight property tax rate increase.
“It is a lean budget, very lean, and as always we are very careful on how we spend the taxpayers’ dollars,” Kempner Mayor Gene Isenhour said Thursday.
The Kempner City Council approved the budget and a property tax rate of 23.4959 cents per $100 of assessed property value on Tuesday.
“We adopted the budget and the tax rate,” Isenhour said.
While the rate is slightly higher than this year’s tax rate of 22.73 cents, the city didn’t claim the larger rate as a tax increase because it will generate the same amount of money for the city as the current year.
“It is going up very little, and the cost of being a city continues to be a little more expensive,” Isenhour said.
The final budget is about $55,000 more than the proposed budget.
Isenhour said the final figure changed because the city did not start a road project on time this year. Funds for the project were carried over into the next fiscal year and hopefully will be spent in October.