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San Angelo budget briefing: property tax, sales tax and one‑time funding options for FY planning
Summary
Finance staff outlined the city’s revenue mix, current property tax structure and optional funding sources — including marginal sales tax, grants, rolling debt and fund balance — for council consideration in the budget cycle.
San Angelo finance staff presented a revenue and expenditure briefing at the council planning workshop, reviewing the city’s current tax structure, recent valuation changes and funding options city leaders could use for one‑time and ongoing needs.
What staff presented - Property tax basics: Finance staff noted the city’s current property tax rate is 0.7544 per $100 of valuation and said FY25 preliminary certified valuations were roughly $7.7 billion. Staff explained the state’s 3.5% revenue cap on property‑tax increases without voter approval and how that cap constrains property‑tax revenue growth. - Sales tax: The city’s sales tax receipts were running above budget mid‑year; staff reported year‑to‑date sales tax…
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