The Cleburne City Council has approved a tax rate that is approximately 6 cents lower than it was in the last fiscal year. This is the fifth year in a row that Council lowered Cleburne’s tax rate, which totals a reduction of 22 cents per $100 of valuation over that period of time.
The new tax rate is $0.581318 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 approved the budget for the upcoming fiscal year, which begins Oct. 1. The $150 million budget continues City Council’s goals that focus on economic development, continue proactive infrastructure projects, maintain safe and clean neighborhoods, build and sustain a robust workforce, and enhance the level of care and maintenance for City facilities, grounds, vehicles and equipment.
“We take the stewardship of taxpayer dollars very seriously, and our staff members work very hard to make sure that our citizens get the most bang for the budget,” said Mayor Scott Cain. “I’m proud that we as a Council were able to lower the tax rate while also supporting and funding initiatives to continue making Cleburne a great place to live, work and play. We’re looking forward to the incredible things that are in store.”
The lower tax rate and approved budget were both passed at the city council meeting on Tuesday, Sept. 12. You can watch the full presentation about the approved budget here.