In a recent government meeting, officials discussed the proposed ad valorem tax rate of 0.794629 per $100 of assessed valuation for the fiscal year 2024-2025. The breakdown of this rate includes 0.763415 allocated for maintenance and operation and 0.031214 for interest and sinking funds.

During the public hearing, resident Angela Singletary raised concerns about the city's projected deficit of $1.4 million if the tax rate remains unchanged. She urged the council to thoroughly review the budget for potential cuts and highlighted the financial burden on renters, who do not benefit from homestead protections.

Following the public comments, the council moved to adopt the proposed tax rate. Council member Whitley made a motion to approve the maintenance and operation rate, which was seconded and passed unanimously. A separate motion to adopt the interest and sinking rate also received unanimous approval.

Additionally, the council considered a resolution to ratify the property tax revenue increase reflected in the new budget compared to the previous fiscal year, as mandated by local government code. This resolution aims to formalize the adjustments necessary to address the city's financial challenges moving forward.