By Glynis Crawford Smith
The Highlander
In a series of unanimous votes, the Marble Falls City Council on Tuesday, Sept. 5, approved ordinances adopting the Fiscal Year 2017-2018 tax rate and budget and amendments to the Master Fee Schedule and the Marble Falls Economic Development Corporation budget.
The total tax rate of of .6340 or 63.4 cents per $100 valuation, is comprised of .3982 for the Interest and Sinking Fund (I&S) and .2358 for maintenance and operation (M&O). The total is 1.43 cents per $100 valuation lower than the previous year and the percentage devoted to maintenance and operation, slightly greater.
“This $41 million budget has been a five month process for the staff,” said Finance Manager Margie Cardenas. “And it represents your work at the July 2013 workshop.
