Crockett Approves Tax Rate and CEIDC Budget
By Will Johnson
Messenger Reporter
CROCKETT – During a meeting of the Crockett City Council held on Monday, Aug. 26, council members approved an ordinance to levy ad valorem taxes in support of the city and also gave their tentative approval to the Crockett Economic and Industrial Development Corporation’s (CEIDC) Fiscal Year (FY) 2020 budget.
As the meeting got underway, City Administrator John Angerstein explained the ordinance “… appropriates our interest and sinking (I&S) fund and our maintenance and operations (M&O) fund as council approved earlier (this month). This allows us to levy the tax.”
A motion was made, seconded and unanimously approved to adopt the ordinance which calls for an overall tax rate of $0.596791 per $100 of property valuation for FY 2020, the same as FY 2019.
The approved tax rate reflects an M&O rate of $0.482288 and an I&S rate of $0.114503.
Following the tax rate approval, the council gave their approval to the 2019 tax roll.
The next item of business concerned the CEIDC FY 2020 budget. CEIDC Executive Director James Gentry was on hand to discuss the matter.
“We have submitted this to the (CEIDC) board members for review. Unfortunately, when we had it scheduled on our agenda, we had an emergency and our quorum was lost. We did not have enough (members) last Monday to approve it. The board members do have it and so far have been supportive of what we are trying to do,” he said.
The CEIDC budget is projecting income of $1.375 million in FY 2020 compared to income of $1.285 million in FY 2019.
Expenses in FY 2020 are projected to be $1,253,950 while in FY 2019 expense were $1,188,500.
After several minutes of discussion, the council gave their approval to the CEIDC FY 2020 budget, contingent upon the approval of the budget by the CEIDC board.
In other matters brought before the council:
- The council gave their approval to the Myrtis Dightman 31st Annual Labor Day Trail Ride route scheduled for Saturday, Aug. 31.
- The council awarded a bid to KSA Engineers, Inc. for grant application preparation, design engineering and grant contract implementation services for the 2019 Downtown Revitalization and Main Street Fund Grant.
Will Johnson may be contacted via e-mail at [email protected].
