POSTED: Friday, July 27, 2012 - 11:00am
UPDATED: Friday, July 27, 2012 - 11:14am
Longview, TX — Employee pay raises, water and sewer rate increases and added money for streets and traffic signal improvements are highlights of a $152.1 proposed budget presented Thursday to Longview City Council members.
Council members got a first look at the initial 2012-2013 fiscal year budget during a presentation by City Manager David Willard.
To fund the balanced budget, city staff members proposed keeping the same tax rate of 50 cents per $100 valuation. The owner of a $100,000 home would pay $500 a year.
“Even with Longview’s economic stability, there is still the need to budget as conservatively as possible, and though we have seen increases in the cost of providing services, we understand that, as any business or family budget, we at the city must also balance our expenses with the available income, and that is the budget we are presenting to you tonight,” Willard said.
The city is expecting to receive $19.9 million from Gregg and Harrison County property taxes, a 2.5 percent increase from this past year’s revenue.
Read more  from the Longview News-Journal.