Colleyville Budget Focuses on Public Safety, Quality-of-Life
Maintaining the safety and quality of life of our community are key themes of the proposed fiscal year 2020 budget for the City of Colleyville. The budget also continues our commitment to infrastructure maintenance while keeping an eye toward the future.
The City of Colleyville recently presented the proposed fiscal year 2020 budget with a recommendation to lower the property tax rate to keep residents’ tax bills from going up despite rising property values.
The budget proposes the adoption of the effective tax rate of $0.306807 per $100 of valuation, a $0.013993 reduction from the current $0.3208 tax rate. If approved, this will be the second year in a row Colleyville has adopted the effective rate. The effective tax rate is the rate needed to provide the same amount of tax revenue as the preceding year, excluding new growth.
The FY20 budget will fund the addition of a police sergeant and a firefighter position, fund the replacement of aging infrastructure, and will continue the beautification efforts around town.
You can review this document online at Colleyville.com.