CITY BUDGETS / FINANCES

• July 13, 2021 - Workshop Meeting
  • Discuss & Review Proposed 2021-2022 FY Budgets and Tax Rate
• July 27, 2021 - Workshop Meeting
  • Discuss & Review Proposed 2021-2022 FY Budgets and Tax Rate
• August 9, 2021 - Special Meeting
  • Proposed 2021-2022 FY Tax Rate
    • Alderperson Reese made the motion to propose a property tax rate of $0.5522 for the 2021-2022 FY for the General Fund Budget. Alderperson Johnson seconded the motion. Motion carried 4-0-1: Ayes: Alderperson Ranier Brigham, Kenneth Reese, Geoffrey Hunt, Tracey Johnson; Nayes: None; Absent: Peggy Gaines
  • Discussed & Reviewed the Proposed 2021-2022 FY Budgets
• September 9, 2021 - Public Hearing
  • 6:00 PM - Tax Rate and General Fund Budget
    • Alderperson Reese made the motion the the Fiscal Year 2021-2022 Property Tax Rate be set at $.5522 which is a decrease of 1.39% from the previous year's tax rate which exceeds the No-New Revenue Rate by 7.53% but does not exceed the Voter-Approval Tax Rate of $0.5522. Alderperson Gaines seconded the motion. Motion carried 4-1-0: Ayes: Alderperson Ranier Brigham, Peggy Gaines, Kenneth Reese, Geoffrey Hunt; Nayes: Alderperson Tracey Johnson; Absent: None
  • 6:30 PM - 2021-2022 FY Utility, Solid Waste, Harbor, Hotel-Motel, and FEMA CDL Budget
• September 9, 2021 - Regular Meeting 
  • 2021-2022 FY Budgets 
    • General Fund Budget
    • Utility Fund Budget
    • Solid Waste Budget
    • Harbor Budget
    • Hotel-Motel Tax Budget
    • FEMA-CDL Budget
  • 2021-2022 Property Tax Rate
    • Alderperson Reese made the motion the the Fiscal Year 2021-2022 Property Tax Rate be set at $.5522 which is a decrease of 1.39% from the previous year's tax rate which exceeds the No-New Revenue Rate by 7.53% but does not exceed the Voter-Approval Tax Rate of $0.5522. Alderperson Gaines seconded the motion. Motion carried 4-1-0: Ayes: Alderperson Ranier Brigham, Peggy Gaines, Kenneth Reese, Geoffrey Hunt; Nayes: Alderperson Tracey Johnson; Absent: None

• APPROVED TAX RATE FOR 2021-2022 FY:  $0.552200 per $100
• PRECEDING YEAR’S TAX RATE (2020-2021 FY): $0.5600 per $100
• NO-NEW-REVENUE TAX RATE:   $0.510600 per $100
• VOTER-APPROVAL TAX RATE:   $0.552200 per $100

• The no-new-revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for the CITY OF SEADRIFT from the same properties in both the 2020 tax year and the 2021 tax year.

• The voter-approval rate is the highest tax rate that the CITY OF SEADRIFT may adopt without holding an election to seek voter approval of the rate.

• The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City is not required to hold an election at which voters may accept or reject the proposed tax rate. 

Of that $0.5522, 10.47¢ is dedicated as $0.07470 for Street/Drainage RM&O and $0.0300 for WWTP improvements. The remaining $0.4475 would be for General Fund O&M purposes.

For assistance with tax calculations, please contact the tax assessor for the Calhoun County Appraisal District Tax Assessor-Collector at (361) 552-8808 or click on the link below for more information.