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Bay Area Houston Economic Partnership GRCC
Galveston County
Galveston City Council Workshop
by John David Suayan with photos courtesy G-TV
Thursday, August 24, 2017

Galveston City Council, during its workshop today, discussed the Fiscal Year 2018 Budget and Capital Improvement Plan. Listen (31:45)

This was the last workshop before the city council considers adopting the CIP at its September 14 meeting. Finance Director Mike Loftin fielded questions from the mayor and council members.

“This is our first crack coming to back to you now that you had a couple of weeks to look at the document,” said Loftin.

Mayor Jim Yarbrough inquired about the current tax rate.

“Current tax rate is 52.6 cents per $100 of taxable value and what’s proposed is exactly 3 1/2 cents higher at 56.1,” replied Loftin.

The tax rate is to be officially proposed at today's regular meeting. The effective tax rate, the amount to obtain revenues approximately equal to those the city received from last year, based on properties existing on the tax rolls, is $0.503175 per $100 valuation. The rollback tax rate is $0.583361 per $100 valuation.

The city council was slated to hold a public hearing on the tax rate at its afternoon regular meeting.

In addition to the budget and CIP, the city council also discussed the adoption of an aviation ground lease policy for the Scholes International Airport, a legislative debrief, and the East End Lagoon.

All members were present. Workshop Agenda

Coverage of the Council's regular afternoon meeting will be published on Friday.




Remembering Jim Guidry


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