Marble Falls City Council settles on tax rate, more than doubles funding for park

STAFF WRITER JARED FIELDS

Marble Falls City Council approved a five-year capital improvement plan during its Sept. 18 regular meeting. The council increased a committee recommendation from $250,000 to $550,000 for upcoming improvements to the 10-acre Park View Park. Staff photo by Jared Fields

Marble Falls City Council approved a five-year capital improvement plan during its Sept. 18 regular meeting. The council increased a committee recommendation from $250,000 to $550,000 for upcoming improvements to the 10-acre Park View Park. Staff photo by Jared Fields

MARBLE FALLS — The Marble Falls City Council tackled several budgetary-related items during its regular Sept. 18 meeting, including adopting a 2018-19 tax rate.

The council voted 7-0 to approve an ad valorem tax rate of 61.5 cents per $100 in valuation. This will raise $675,075 more revenue from property taxes than last year for the budget. The council also unanimously adopted the 2018-19 fiscal year budget, which comes in at $31.4 million.

The budget includes a proposed 2.25 percent increase to customer water rates as the council continues discussing an increase.

“The water rate was not approved individually,” said Marble Falls Director of Finance Margie Cardenas. “It will be going before council for approval on the Oct. 16 meeting.”

The council also adopted a $2,761 water impact fee and a $3,293 sewer impact fee. The previous fees were adopted in 2013. Local builders Dan Burdett and Matt Fields spoke at the meeting stating concerns for residential builders and future development. The ordinance passed 7-0, however, and takes effect Jan. 1, 2019.

Council members awarded a $6.35 million Certificates of Obligation bid to FTN Financial Capital Markets. The bond will pay for a water meter replacement program, Phase 1A parks improvements, and Tax Increment Reinvestment Zone (TIRZ) downtown projects. The bond will be repaid over a 20-year period with funds from the city, TIRZ, Marble Falls Economic Development Corp., and Hotel Occupancy Tax.

The council’s final agenda item was regarding a five-year capital improvement plan. The CIP committee previously recommended a $250,000 budget to improve Park View Park located in the Mormon Mill area of the city. However, City Council passed a version that increased the Park View Park project budget to its original level of $550,000.

The CIP — which covers more than $68 million in planned projects over the next five years — passed by a 6-1 vote. Craig Magerkurth was the dissenting vote.

jared@thepicayune.com

4 Responses to “Marble Falls City Council settles on tax rate, more than doubles funding for park”

  1. Liz says:

    What about a community center for the kids that no longer have a place to fo after school. Once they turn a certain age they don’t have anywhere to go.

  2. Steve says:

    Hmm. So they pass a 5 year CIP plan and increase the amount by more than double for a city park yet they still include unfunded items on that list. One such item is a water line to service the lake marble falls subdivision that was involuntarily annexed in 2008 and was supposed to have them started no later than 2013. The CIP committee keeps pushing that item back year after year because of no funding to get it done. Isn’t it strange how the leaders can pass a bond and magically find money for their pet projects and personal wish list but can’t seem to find it for what their supposed to do. IF the leaders can’t accomplish the task of getting infrastructure to the LMF than deannex it.

  3. NotJustHypocritical says:

    Steve, how can they possibility build stuff for residents…they have sold their soles to the hotel developer. Do you really think all that money was going to a new park? Care to bet how.kuxh gets swapped over to make sure the new conference center and private parks there get a the money they need? Time to vote all these phonies out and replace the city manager, wannabe city manager, and edc that keeps bringing low paying jobs for fast food and claiming growth. How about jobs that pay a living wage to pay the rising costs the Masters of marble falls keep driving up…or is that the point, raise the cost to live here, take away the free city parks and facilities and drive out all of us that aren’t rich enough to matter to them. Pathetic.

    • Steve says:

      Vote them out? Haha that’s a good one. They can barely get enough bodies to fill the seats and have to recycle year after year. Last time there was a large slate of candidates was in 2010. Has been no election for the last 3 years and probably won’t be one next year unless a recycled name comes back to take on the mayors seat or one of the council seats.

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