Approved Budget FY 2018-2019

Click Here For Detail Budget Documents.

NOTICE OF 2018 TAX YEAR
PROPOSED PROPERTY TAX RATE FOR
CITY OF KYLE, TEXAS

A tax rate of $0.5416 per $100 valuation has been proposed for adoption by the governing body of City of Kyle.  This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate.

The governing body of City of Kyle proposes to use revenue attributable to the tax rate increase for the purpose of funding capital improvements for streets, sidewalks, utilities, park system, and increases in operating expenditures for parks, police, public works, street maintenance, and economic development.

                   PROPOSED TAX RATE                    $0.5416 per $100
                   PRECEDING YEAR’S TAX RATE     $0.5416 per $100
                   EFFECTIVE TAX RATE                     $0.5235 per $100
                   ROLLBACK TAX RATE                     $0.5320 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Kyle from the same properties in both the 2017 tax year and the 2018 tax year.

The rollback tax rate is the highest tax rate that City of Kyle may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.

YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS:

                         property tax amount = ( rate ) x ( taxable value of your property ) / 100

For assistance or detailed information about tax calculations, please contact:

Luanne Caraway
Hays County Tax Assessor-Collector
712 S. Stagecoach Trail, San Marcos TX 78666
(512) 393-5545
luanne@co.hays.tx.us
www.hayscountytax.com

You are urged to attend and express your views at the following public hearings on the proposed tax rate:

First Hearing:  August 14, 2018 at 7:00 p.m. at Kyle City Hall, 100 W. Center Street, Kyle, TX 78640

Second Hearing: August 21, 2018 at 7:00 p.m. at Kyle City Hall, 100 W. Center Street, Kyle, TX 78640

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City of Kyle, Texas
Notice of City Council Budget Meetings and Public Hearings
Proposed Operating and Capital Budget
For Fiscal Year 2018-2019

The Kyle City Council is scheduled to conduct budget meetings and public hearings on the City Manager's proposed budget for fiscal year 2018-2019 including property tax rate, water and wastewater service rates, storm drainage rates, and other fees and charges for various City services.

The City Manager will hold a budget workshop with the City Council on the proposed budget for fiscal year 2018-2019 on Saturday, July 28, 2018 at 8:00 a.m., at Kyle City Hall located at 100 West Center Street, Kyle, Texas.

The proposed budget for fiscal year 2018-2019 is a complete financial plan for all City funds, programs, services, operations, and capital improvement program (CIP) activities for the period covering October 1, 2018 through September 30, 2019. The proposed budget for fiscal year 2018-2019 for all City expenditures totals approximately $84.9 million and includes 244 full time equivalent positions. Of the total $84.9 million proposed budget, the City’s General Fund budget for fiscal year 2018-2019 totals approximately $23.4 million for operations and maintenance and approximately $11.7 million in one-time transfers from the fund balance to pay for major capital improvement projects instead of issuing debt.

A general summary of the City’s proposed budget for fiscal year 2018-2019 for all City funds including debt service is provided below:

FOR ALL CITY FUNDS

Estimated Beginning Fund Balance     $  72,928,548
Estimated Revenue                                 $  59,236,098
Estimated Available Funds                    $ 132,164,646
Estimated Expenditures                        $   84,937,607*
Estimated Ending Fund Balance          $   47,227,039

*Reflects expenditure of accumulated funds from prior fiscal years including road bonds, impact fees, park development fees, water/wastewater capital funds, and the one-time use of fund balances.

The Kyle City Council is scheduled to hold budget meetings and public hearings on the proposed budget, property tax rates, and water/wastewater utility rates for fiscal year 2018-2019 at Kyle City Hall located at 100 West Center Street, Kyle, Texas, on the following dates:

• City Council Budget Workshop No. 2:            Saturday, July 28, 2018 at 8:00 a.m.
• Public Hearing No. 1 on Budget & Rates:      Tuesday, August 14, 2018 at 7:00 p.m.
• Public Hearing No. 2 on Budget & Rates:      Tuesday, August 21, 2018 at 7:00 p.m.
• Adoption of Budget & Rates (1st Reading):   Tuesday, August 28, 2018 at 7:00 p.m.
• Adoption of Budget & Rates (2nd Reading):  Tuesday, September 4, 2018 at 7:00 p.m.

All Kyle residents and interested persons are invited to attend the City Council’s budget meetings and public hearings to provide their comments to the City Council. An electronic copy of the proposed operating and capital budget for fiscal year 2018-2019 will be available on the City's website beginning July 30, 2018. A printed copy of the complete proposed budget document will also be available for public inspection beginning July 30, 2018 during business hours (except on a City holiday) at Kyle City Hall located at 100 West Center Street, Kyle, Texas, and at Kyle Public Library located at 550 Scott Street, Kyle, Texas.

Perwez A. Moheet, CPA
Director of Finance
July 25, 2018