Bulletin Staff Report
EARLY — The Early City Council adopted the city’s budget, tax rate and utility rates Tuesday night.
No one spoke at a public hearing on the budget, which sets expenditures at $3.95 million and revenue at $4.25 million.
The council adopted a tax rate of 48 cents per $100 valuation, a decrease from last year’s rate of 50.32 cents. Because the city’s taxable value increased, the tax rate will generate $51,800 more in property tax revenue than last year, council members were told.
The council set water, sanitation and sewer rates slightly higher than last year’s rates.
Also Tuesday, council members approved a resolution for the Early Economic Development Corporation’s sale of three lots near the Tejas Clay plant to Clay Forever, LLC for $285,600.