By Emily Hilley-Sierzchula
The Horseshoe Bay City Council faced a long meeting agenda Tuesday afternoon, Aug. 26, tackling items that included new street signs, water weeds, the Federal Emergency Management Agency (FEMA) floodplain study and property taxes.
No citizens spoke out during the first of two mandated public hearings about the city’s proposed property tax rate of $.25 per $100 valuation – the same rate as was in effect this last year.
Another public hearing is set for 9 a.m., Tuesday, Sept. 2, to give citizens a second chance to air any concerns or opinions.
The city is expected to adopt the proposed budget at its regular meeting at 3 p.m. on Sept. 16.
The proposed budget is available for public review on the city’s website.
The city will start out the next fiscal year with around $3.7 million as its projected general fund balance at the end of September, said Stan Farmer, city manager.