ICYMI: Marble Falls adopts same tax rate while budget remains stable

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MARBLE FALLS — Marble Falls residents won’t get much of a sticker shock this year when it comes to their city tax bill. The city council adopted the same ad valorem rate for the 2015-2016 fiscal year as the previous year’s.

The council adopted an overall property tax rate of 64.83 cents per $100 valuation during a regular Sept. 15 meeting. The only difference compared to the previous rate was within the amount as this year’s maintenance and operation portion comes out to 21 cents and the interest and sinking (debt service) is 43.83 cents. It’s only a slight difference from the previous rate.

The city also adopted a budget that comes in about $26 million overall.

“And our budget is about the same as last year as well,” City Manager Mike Hodge said.

Hodge credited good city leadership over the years as well as the growth of Marble Falls. He pointed out that tax rates remained stable partly because of new growth and construction in the community as well as a little bump in property values.

The increase in property values, he added, was an indication that people want to live in Marble Falls.

And that takes a multi-pronged effort.

“Marble Falls is a desirable place to live,” Hodge said. “And it’s something the city and city council are working to continue.”

He pointed out the city is working diligently to improve and maintain the parks and add hike-and-bike trails when possible. Studies have consistently shown that parks and green belts contribute to a community’s appeal.

The city has also strived to keep up with and maintain infrastructure.

“If you look at the (past year’s) budget, we had budgeted $50,000 for street improvements,” he said. “This year, we were able to increase that to $150,000.”

Hodge pointed out that, before the 2008 recession, the city had been budgeting about $200,000 a year for road improvements, and that’s something officials would like to work back toward.

Other things the city is working on are expanding the wastewater facility and improvements to the water plant. The city is also in the process of building a new public safety building, which will house the Marble Falls Police Department and the municipal court.

The city budget includes a myriad of columns including the general fund, water/wastewater and economic development.

City residents support those services through fees as well as the tax rates. But when it comes to the taxes, the city sales tax accounts for about 64 percent of revenues with property taxes making up another 17 percent.

Go to www.ci.marble-falls.tx.us for more on the city services.


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