Staff is working on the Fiscal 2021 budget. As part of that process, we work with the Kaufman County Tax Assessor's office to complete worksheets ensuring the City remains compliant with state regulations capping additional revenues. Since implementing a property tax in 2015, Talty's rate has remained at $0.25 per $100 of taxable valuation. This year we will be proposing a slightly lower rate of $0.246654, or 24.6654 cents, per $100 of taxable valuation. Of this, $0.110208 is anticipated for maintenance and operations. The balance, $0.136446, will be for the debt service on the 2016, 2017 and 2018 tax notes issued primarily for the road projects completed last year. A levy of $0.246654 would result in a $617 levy on a property valued at $250,000. A levy on a 300,000 property would be $740.

Public hearings on the proposed budget and rate will be held at Trinity Family Church (I-20 and FM 1641) at 6:30 p.m. September 3 and at 7 p.m on September 15.