By Melissa McCaghren
The City of Slaton set a date for a budget and tax rate hearing, as well as approved a proposed budget, Thursday evening (Aug. 25) during a special session at City Hall.
The proposed tax rate is set for $0.538644 per $100 valuation, with the no new revenue tax rate at $0.530311 per $100 valuation and the voter approval unused increment tax rate at $0.538644 per $100.
The money is split into $0.385759 is the M&O tax rate and $0.152885 I&S tax rate.
City Administrator Wade Willson said the voter approval unused increment rate is a banked rate that can be put on top of the voter approval rate.
The unused increment for Slaton over the past three years is $0.005352, which was added on the voter approval of $0.533292. It can only be used this one time.
The budget will raise more total property taxes than last year’s budget by $38,949.59 (2.74 percent).
Of that amount, $16,742 is tax revenue to be raised from new property added to the tax roll this year.
In order to have the balanced budget however, the proposed budget for the 2022-23 year would see the Dispatch moved to County as well as no seal coating used on streets for another year.
The contingency fund was set aside to try and fill the negative fund balance.
City Administrator Wade Willson said he did not want to make the cuts, but these would help balance the budget, especially moving Dispatch.
“That is the one thing we can see a reduction in cost without actually losing a service to the City,” he said, adding dispatch will still happen but be relayed to the departments.
A memorandum of understanding is being worked on to transfer the Dispatch services to County, and will be ready if the budget is approved.
They were not the only other items that took a hit on the budget. Some items had to be cut back to make way for unexpected purchases and costs.
For more information, please read the Thursday edition of The Slatonite.