As expected, Sulphur Springs City Council gave approval to a $25 million budget and set the tax rate at 44 cents per $100 property valuation Tuesday evening, and it took less than 15 minutes to do it.
The tax rate, the same as the current year, is expected to generate 1.01 percent more revenue due to increases in property values.
The increase in property values in the city will mean an increase of approximately $3.31 in taxes this year for a home valued at $100,000.
The council also quickly gave approval to the proposed $25 million budget for the city for the coming year.
Additionally, the council approved increases of 1.75 percent in water rates, sewer rates and sanitation rates.
The increases, according to city staff, are in line with increases in the Consumer Price Index.
Also on the agenda for the special council meeting was an ordinance updating service credits, an ordinance adopting the city's investment policy and a reimbursement resolution.
All three items gained quick endorsement of the council.
In other matters, the council aso approved the establishment of a Branding Development Committee that will work with the regrowth of the downtown area. Council also gave tentative approval to naming 13 members to serve on the committee.
City Manager Marc Maxwell said the committee members will be named later this week.
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