After several months of work, discussion and public hearings, the Sherman City Council will consider approving the ad valorem tax rate for the fiscal year 2018-2019 budget during its regular meeting at 5 p.m. Monday in the council chambers of City Hall, 220 W. Mulberry St.
Sherman’s proposed tax rate of 42.73 cents per $100 of valuation for the upcoming fiscal year is unchanged from last year, however since that rate exceeds the effective tax rate, the city was required by law to hold two public hearings Director of Finance Mary Lawrence told the council last month the city expects to collect more money from taxes in the new year than it did during the current fiscal year. The proposed tax rate is expected to generate around $13.4 million in property tax revenues.
The council will also consider the appropriation of additional funds for the current fiscal year’s budget for year-end expenditure reconciliation. In a document prepared for the council, city staff wrote revenues exceeded the budget by about $8.8 million mostly due to debt issuances, as well as sales tax and solid waste revenues being more than anticipated. Expenses increased by around $6.5 million because of that increase activity.
A public hearing will be held on a proposed ordinance to increase certain solid waste residential, commercial and recycling collection rates by about 2.5 percent. City staff expects the increased rates to generate around $150,000 annually.
Public hearings will also be held on a new assignment pay scale for firefighters with Sherman Fire-Rescue and a trio of items approved by the Sherman Planning & Zoning Commission last month. Those include a specific use permit for the new Sherman High School, a specific use permit to allow Holiday Motorsports to relocate and a zoning change for an office building.
The council will also consider awarding a contract for Phase IV of the West Travis Street Project to Vessels Construction of Sherman.
A pair of special presentations will also be given before the council at the beginning of the meeting. First Farmersville Police Chief Mike Sullivan will present the Sherman Police Department with the Texas Police Chiefs Association Best Practices Program accreditation certificate. Then former Mayor Cary Wacker will announce and explain Sherman’s recent cultural district designation.
Community and Support Services Manager Nate Strauch will also provide an update on ongoing projects in the city to the council.