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Nueces County staff present lean 2017–18 budget and urge decision on tax rate to protect reserves
Summary
County staff proposed a pared-down 2017–18 general fund budget that relies on keeping the current tax rate to generate about $2.7 million more than the effective tax rate would yield; commissioners were warned that adopting only the effective rate would draw down reserves and risk the county's bond rating.
Nueces County commissioners on Tuesday reviewed a proposed 2017–18 general fund budget that trims department requests and leaves most operating choices intact, while pressing the panel to decide whether to adopt the new effective tax rate or keep the current tax rate.
Auditor Miss Gartner told the court the office's baseline revenue estimate includes roughly $66.2 million in ad valorem collections and a total property-tax estimate near $68.0 million. "Right now, we're estimating a collection of 66,200,260," she said while walking commissioners through Tab 2.
The key policy decision facing the court is whether to adopt the state's calculated effective tax rate, which staff estimate would raise about $754,597 in additional…
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