By Glynis Crawford Smith
The Highlander
Public hearings Tuesday, Aug. 15, unveiled a final proposed budget based on a tax rate slightly lower than the effective rate and including proposed utility fee increases lower than anticipated for Fiscal Year 2017-2018 in the City of Marble Falls.
Finance Director Margie Cardenas presented a budget for programs and services of $32 million with general fund expenditures of $10.404 million.
According to the council decision Aug. 1, Cardenas and her staff based the budget on an ad valorem tax rate of .6340, or 63.4 cents per $100,000, lower than the current rate of .6483. Nonetheless, the rate will apply to a certified tax valuation that has risen about eight percent to $726 million for an increase.
