Bryan CFO doesn't expect tax changes
Eagle staff report
Bryan Chief Financial Officer Kathy Davidson said she does not anticipate recommending a change in the city’s property tax or sales tax rates for the 2003-04 fiscal year.
The property tax is 63.64 cents per $100 valuation. The sales tax is 1.5 percent on all taxable purchases, the maximum allowed under state law.
Davidson told the City Council this week that Bryan will raise commercial solid waste collection fees by 3 percent. The city does not plan to raise residential waste removal fees, she said.
Davidson said the money now raised by fees for commercial collection does not cover the expense of providing the service.
“Right now, residential rates are subsidizing commercial collection,” she said.
The City Council will consider the final budget for approval on Sept. 9 and Sept. 23. The council likely will approve next year’s tax rates on Sept. 23, Davidson said.