By Phil Reynolds
THE HIGHLANDER
Horseshoe Bay City Council members got their first look on Tuesday, June 28, at the city’s draft budget for next year. It includes an expected 20.94 percent increase in revenue and a 25.03 percent increase in expenditures, but the staff expects to hold the line on property taxes at 25 cents per $100 valuation, same as this year’s tax rate.
However, the council was asked to set the proposed 2016-17 tax rate at 26 cents as a hedge. While the council can later decrease the proposed rate, it cannot increase it, according to Texas law.
