IRS Problem

Main Menu

  • Home
  • Tax attorney
  • Tax law
  • Tax revenue
  • Tax government
  • Tax rate

IRS Problem

Header Banner

IRS Problem

  • Home
  • Tax attorney
  • Tax law
  • Tax revenue
  • Tax government
  • Tax rate
Tax revenue
Home›Tax revenue›Bellaire city council maintains the same tax rate; tax revenues expected to increase by $ 718,000 more than last year

Bellaire city council maintains the same tax rate; tax revenues expected to increase by $ 718,000 more than last year

By Sarah S. Bryant
October 5, 2021
0
0

Despite a flat tax rate compared to 2020, Bellaire expects to collect more than $ 718,000 more in tax revenue in the next tax year. (Hunter Marrow / Community Impact Journal)

Bellaire City Council approved the same tax rate for the third consecutive year after approving $ 0.4473 per $ 100 of assessed value for the next fiscal year 2021-2022.

In a 5-2 vote, with board members Catherine Lewis and Jim Hotze dissenting, the board approved the tax rate at its October 4 meeting, which will generate nearly $ 22.3 million in revenue for the city, more than $ 718,000 more than the taxes imposed last time. year, according to agenda documents.

Tax rate approval follows approval of Bellaire’s budget for fiscal year 2021-2022, with general fund revenues totaling nearly $ 23.2 million and expenses under $ 23 million .

In the weeks leading up to budget approval, the council held four budget workshops in conjunction with its public budget hearing.

During the October 4 meeting, board members such as Nathan Wesely expressed frustration with the few operational savings and efficiencies that can be achieved during the budget process.

“I was very disappointed with the process,” he said. “We had the opportunity to ask each department to come forward and tell us how they were going to be more efficient and save money, and all we heard were presentations on how we were going to spend more. silver. “

A key topic of conversation raised by board members at the meeting was how much or how little budget reserve the board would be willing to accept if it wanted to lower the proposed tax rate and save money. money to residents.

“For me, it really depends on how careful a board we want to be with these funds?” Mayor Andrew Friedberg said. “Do we want to shave it to the bare minimum?” “

Hotze was in favor of a lower tariff in order to give a little relief to the residents of Bellaire who will see a 9% increase in their water tariff and a 7% increase in their wastewater and solid waste tariffs in Quebec. during the next fiscal year.

The rate increases were approved as part of the fiscal year 2021-2022 budget process, following a $ 448,000 increase recommended by an independent company from the city’s annual corporate fund to fund transfer. general that the city performs to help pay the administrative staff who manage the corporate fund billing needs.


Source link

Related posts:

  1. Editorial – Ban on legal trade: Communities reject marijuana dispensaries and tax revenues | Editorials
  2. Title Board Advances Sales Tax Revenue Reduction Proposal of $ 14.2 Million | Elections
  3. How to spend billions on coronavirus aid, 2022 gubernatorial race ‘big deal’ excess tax revenue – Boston Herald
  4. Seattle City Council Protects JumpStart Tax Revenue, Creates New Budget Forecasting Office
Tagsfiscal yeartax rate
  • Privacy Policy
  • Terms and Conditions