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New development generates added revenue for city coffers
The Eagle Ford shale oil and gas exploration will add revenue to the city of Stockdale, as it has for many area entities.
Stockdale City Manager Banks Akin, in a June 24 budget workshop, told the city council he estimates the appraised value of taxable property for Stockdale from the Wilson County Appraisal District at $52 million -- an increase of $2 million. This could generate $185,000 for city coffers. Stockdale City Secretary Thania Santos said certified tax rolls should be available in mid-July.
The council also is considering annexing some properties in the city’s extraterritorial jurisdiction. Stockdale Mayor Ray Wolff directed Akin to check procedures to follow and steps to take for annexation.
Akin also provided updates on two businesses currently setting up in the Stockdale Industrial Park -- Fox Chapel Oil Field Services and Omni Energy, also known as Gibson Energy and Keeton Services. These oil- and gas-related industries and the Valero Corner Store No. 1078 -- store and subdivision on 11.146 acres -- setting up south of Stockdale on S.H. 123, are expected to generate an extra $45,000 in water revenue, Akin said.
Turning from income to expenses in the budget, Akin proposed a 3-percent across-the-board pay increase for city employees.
This prompted Councilman Scott Soden to ask if a public works director will be hired. Akin said he had dissolved this position, thus saving the city money.
Akin also outlined projects proposed for the next fiscal year, including:
•Upgrade sidewalks in the downtown area with funding from the Texas Capital Fund Downtown Revitalization Program.
•Replace the water tower’s aerator and provide a 12-inch waterline from Business 87 to S.H. 123 along East Street, with funding from a $275,000 Texas Community Development Block Grant.
•Infrastructure improvements for East Street and Free Timber, amounting to $153,000.
During the workshop, the council addressed the city marshal’s office and a stipend for the Stockdale fire chief.
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