The Sherman City Council will review the 2017-2018 draft budget during its regular meeting Monday at 5 p.m. in the council chambers of City Hall, 220 W. Mulberry St.
The proposed budget contains around $94.6 million in appropriations, which city staff noted was about $11.8 million more than the current fiscal year’s original budget. The council will also consider the city’s proposed tax rate of 42.73 cents per every $100 of taxable property and set public hearings on its adoption.
In addition to reviewing the budget and tax rate, the council will also look at a draft of the city’s Capital Improvement Program for 2017-2022 and consider the recommendation of the Charter Review Commission on adding charter amendments to ballot of the November municipal election.
The council will also hold a pair of public hearing on proposed ordinances designed to increase safety for drivers and bicyclists on the city streets.
Following the Grayson County Commissioners Court’s recent approval of plans to participate in Sherman’s Tax Increment Reinvestment Zones No. 5 and No. 6, the council will consider resolutions approving the interlocal agreements with the county.
A separate resolution will also be considered to renew the city’s Tax Abatement Program that promotes development in the Central Business District.
Additionally, city staff will seek permission to advertise for bids for the construction work of the second phase of the Sherman Streetscape Project.
Near the end of the meeting, the council will go into a closed executive session in order to consult with the city attorney, deliberate on the annual performance evaluation of City Manager Robby Hefton and discuss economic development negotiations.