CITY BUDGETS / FINANCES

The City of Seadrift held two workshops on July 25 and July 30 to discuss the proposed 2019-2020 FY Budgets and the proposed Preliminary Tax Rate. 

A Public Hearing was also held on August 6, 2019 at 6:45 p.m. At the Regular Meeting on August 6, 2019, City Council voted to adopt the Proposed 2019-2020 Fiscal Year budgets for Utility, Solid Waste, Harbor, Hotel-Motel, and the FEMA CDL. 

(FEMA CDL Budget to be uploaded soon)

The City of Seadrift held two workshops on July 25 and July 30 to discuss the proposed Preliminary Tax Rate. A Public Hearing was held on August 6, 2019 at 6:30 p.m. At the Regular Meeting on August 6, 2019,  City Council voted to Preliminary set the proposed Tax Rate of $0.5600 per $100 valuation for the 2019-2020 Fiscal Year on which to base the preliminary 2019-2020 General Fund Budget.

The governing body of the CITY OF SEADRIFT, TEXAS proposes to use revenue attributable to the tax rate increase of 2¢ for the following purposes of: $0.0747 for streets/drainage; $0.0300 for Waste Water Treatment improvements and $0.4553 for General Purposes = $0.560.

• PROPOSED TAX RATE   $0.5600 per $100
• PRECEDING YEAR’S TAX RATE $0.5400 per $100
• EFFECTIVE TAX RATE   $0.5271 per $100
• ROLLBACK TAX RATE   $0.5815 per $100

The City will hold two Public Hearings regarding the Preliminary Tax Rate on: 

• August 22, 2019 at 6:30 PM at 501 S. Main St., Seadrift, TX
• August 29, 2019 at 6:30 PM at 501 S. Main St., Seadrift, TX