Missouri City Council members unanimously approve Fiscal Year 2015 General Fund Budget

At its Monday, June 16, regular meeting, Missouri City Council members unanimously approved the Fiscal Year 2015 budget, which runs from July 1, 2014, to June 30, 2015. Council also unanimously approved to ratify the increase in property tax revenues reflected in the budget.

“Economic and residential growth has been part of the Missouri City story during the past five to 10 years, and all signs point to it continuing into the future. New industries continue to find a home here, producing goods and services in Missouri City for the world,” City Manager Ed Broussard said.

As we experience this growth, the City continues to provide effective, quality services to our community using strong, fiscal accountability. The investments the City have made in the Tax Increment Reinvestment Zones, tax abatement agreements and other economic development tools have begun to bear fruit for increased sales tax growth and shifting property tax payment percentages from residential to commercial,” he added.

In the FY 2015 budget, the City will maintain its current tax rate of $0.57375; have total revenue of $38,531,087; and have total expenditures of $39,386,459.

Highlights include:

• The hiring of a City Grants Coordinator
• Additional Wi-Fi access to City facilities
• Take-home vehicles for Police Department Investigators
• A playground for the Recreation and Tennis Center
• A backflow prevention system for Public Safety Headquarters
• A one-time, 3 percent lump-sum payment increase for full-time employees
• $28,000 in citywide facility maintenance

“This budget raises more revenue from property taxes than last year’s budget by $425,461, which is a 2.4 percent increase from the previous year’s budget,” Missouri City Finance Director Wes Vela said. “Given the recent economic conditions and its effect on the City’s budget, it is of great importance for the City to continue the organizational strategies that have been in place for the last several years.”

The four parts of the City’s strategy are:

1. Retaining existing property values
2. Increase Commercial Development
3. Create value added services
4. Develop an organization for optimum performance

The CIP budget for Fiscal Year 2015 primarily includes projects approved by Missouri City voters in 2003 and 2014, and funded through the issuance of general obligation bonds as authorized in those elections.

Some of these FY15 CIP projects are:

• Replacement of Gradall
• City Hall Roof Replacement/Repair
• Facilities Needs Assessment
• Park Improvements
• Hurricane Lane Extension
• Vicksburg Extension
• Turtle Creek/Mission Valley-Hilton Head Reconstruction
• Gregory Reconstruction
• Glenn Lakes Bridge over Oyster Creek

A complete version of the budget can be found on the City’s website at www.missouricitytx.gov.

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