The Cleburne City Council has approved a tax rate that is 5 cents lower than it was in the last fiscal year. This is the fourth year in a row that Cleburne’s tax rate has decreased, which totals a reduction of 16 cents over that period of time.
The new tax rate is $0.640476 per $100 of valuation. The reduction was made possible because of new development, cost savings initiatives, a reduction in the City’s debt payment and an increase in existing property values.
In addition to the tax rate decrease, council members also approved the budget for the upcoming fiscal year, which begins Oct. 1. The $130 million budget is in alignment with the council’s goals of launching proactive infrastructure projects; maintaining safe and clean neighborhoods; facilitating economic development; building a strong workforce; and enhancing the level of care and maintenance for City facilities, grounds and equipment.
“We want to continue providing great services to our citizens and caring for our city employees while still being fiscally responsible with taxpayer dollars. By passing the tax rate decrease and fiscal year budget, we were able to accomplish this.” said Mayor Scott Cain. “I look forward to the work that will be done in this upcoming year to keep improving upon our city and making it an even more desirable place to be.”
The lower tax rate and approved budget were both passed at the city council meeting on Tuesday, Sept. 13. You can watch the full presentation of those items here.
| Legal Posting About Tax Rate: The City of Cleburne adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate. The tax rate will effectively be raised by 4.59 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $-19.06. |