The Colony City Hall

The Colony City Council on Wednesday will begin discussions on the proposed tax rate for the 2020-21 fiscal year.

The proposed rate is $0.655 per $100 valuation, which is a decrease from the current rate of $0.66 per $100 valuation.

Tax bills, however, could be higher depending on property values.

Public hearings for the tax rate are set for Aug. 18 and Sept. 1, and the tax rate is expected to be voted on Sept. 15.

The council is also expected to order the council election for places 3, 4, 5 and 6.

Incumbents Brian Wade (Place 3), David Terre (Place 4), Perry Schrag (Place 5) and Joel Marks (Place 6) have indicated they plan to seek re-election. Wade, Terry and Marks have filed their application.

In addition, Megan Stoner filed to run against Wade for Place 3.

Council terms are for three years.

The council will consider ordering a special election to amend its charter to allow council members to receive $200 per month and the mayor to receive $300 per month. Currently they all receive $100 per month.

Residents can submit public comments at City Hall, but city officials encourage them to submit them through the website and watch the meeting remotely on thecolonytx.gov.

Follow us on Twitter!

@FMLeaderNews

Follow Chris Roark on Twitter!

@Reporter_Chris

Like us on Facebook!

TheLeaderNews

You must be logged in to react.
Click any reaction to login.
0
0
0
0
0

Recommended for you

Load comments