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Section A: General News


Stockdale council adopts budget




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Wilson County News
September 5, 2012 | 1,022 views | 2 comments

STOCKDALE -- Residents living within the city limits of Stockdale will have one last chance to voice their opinions about the proposed 7-percent increase of the city’s effective tax rate, after the first of two public hearings was held Aug. 29.

Stockdale City Manager Banks Akin gave the following ending fund balances for the proposed 2012-13 fiscal year budget:

•General account, $25,165;

•Water account, $24,775;

•Wastewater (sewage) account, $2,985;

•Natural gas, deficit of $51,389.

City resident Carl Lambeck questioned the proposed amount of $85,000 from sales-tax revenue included in the budget. Akin advised the figure was based on the average monthly revenue of $14,000 from this source. He added the revenue is expected to increase. Lambeck’s questions suggested that this amount, based on Akin’s figures, should be higher.

Akin said conservative numbers were used in the preparation of the budget.

Lambeck also asked why the city proposed an increase in the ad valorem tax rate if the sales-tax revenue is expected to rise.

The proposed ad valorem tax, 34.04 cents per $100 of assessed property value, according to City Secretary Thania Santos, is too low to ensure that the city generates enough revenue to pay for the $940,000 U.S. Department of Agriculture Rural Development streets improvement loan. The ad valorem tax is part of the security for repayment.

A public hearing to discuss the proposed tax rate -- an increase of .29 cents per $100 of assessed property --was held after the budget public hearing, with no comments received.

The hearings were followed by a special called city council meeting. During the meeting, the council:

•Set Wednesday, Sept. 12, at 6 p.m. for the second public hearing to discuss the proposed tax rate.

•Adopted the fiscal year 2012-13 city budget as presented.

•Discussed changes to the zoning ordinance as discussed during an Aug. 15 Planning and Zoning Committee Meeting related to mobile/manufactured homes within the city limits.

•Heard a report from the city manager about street improvements on Magee, Third, and Eighth streets. Akin also stated the project was completed under budget, saving the city $11,000.

**In attendance: Mayor Johnny Stahl, councilmen Scott Soden, Saul Bosquez, Becky Adams, and Roger Armstrong, City Manager Banks Akin, City Secretary Thania Santos, and citizen Carl Lambeck.
 

Your Opinions and Comments

 
brahma fan  
stockdale  
September 5, 2012 1:08pm
 
sounds like obama has moved to stockdale to take over management.

 
footballfan  
stockdale  
September 5, 2012 1:05pm
 
stockdale, water has went up, trash has went up, natural gas has went up, and not a proposal for 7% increase in tax for residents of stockdale. Being able to afford this it is not a huge issue for me personally, but what about ... More ›

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