NTMWD Plant Smart 2024

Budget, tax rate public hearings held

by | Sep 13, 2018 | Latest

Murphy City Council conducted public hearings on the 2018 property tax rate and the 2018-’19 budget last week and this week prior to adopting both at a meeting Tuesday, Sept. 18.

The public hearings were conducted Tuesday, Sept. 4 and Tuesday, Sept. 11.

City Manager Mike Castro recapped the proposed budget, pointing out that the city estimates general fund revenues at $15.3 million and expenses at $15.6 million. The anticipated deficit of $272,240 will be covered from reserve funds.

Murphy anticipated a deficit in fiscal year 2017-’18 but will wind up the year Sept. 30 with a general fund surplus of $157,410, Castro reported. The city reserve fund balance will be $5.2 million at the end of the current fiscal year, an amount equal to 32 percent of expenses.

 

For the full story see the Sept. 13 issue or subscribe online.

 

By Joe Reavis • [email protected]

0 Comments

Public Notice - Subscribe

Related News

Veteran’s family to receive new home

Veteran’s family to receive new home

Retired U.S. Army Sgt. Semeli Toilolo at the Tuesday, June 18, groundbreaking ceremony where he and his family were surprised to learn they will receive a new home being built for them in Lavon. Courtesy photo Retired U.S. Army Sgt. Semeli Toilolo and his family will...

read more
Council takes more time for two proposals

Council takes more time for two proposals

The Murphy Public Works Department is considering solutions to the repeated problem of motorists failing to stop where eastbound Renner Road dead-ends at Tall Tree Drive. “City staff, along with engineers, are currently exploring permanent solutions to implement...

read more
Author hopes to inspire others with story

Author hopes to inspire others with story

Sachse resident Ania Rust has released a book detailing her personal journey to the U.S. from Poland, along with tips on how to achieve success. Sachse resident Ania Rust, a proud Polish immigrant, recently celebrated her 50th year as a U.S. citizen with the release...

read more
Amazing Grace is growing

Amazing Grace is growing

Amazing Grace Food Pantry now has a new parking lot with lights and 73 parking spaces, more than doubling the number of spaces. Amazing Grace Food Pantry in North Wylie recently celebrated the culmination of an ambitious five-year goal: the completion of a...

read more
Council postpones road closure vote

Council postpones road closure vote

The Murphy Public Works Department is considering solutions to the repeated problem of motorists failing to stop where eastbound Renner Road dead-ends at Tall Tree Drive. There have been several accidents at that location over the past 18 years, including a car...

read more
Junior Police Academy is no joke

Junior Police Academy is no joke

Wylie ISD Junior Police Academy cadets on the first day of class, Monday, June 17 at Burnett Junior High. Wylie police have developed a world class Junior Police Academy program. Started in 2009, many other regional police departments have observed Wylie’s week-long...

read more
Emerald City Band rocks Murphy

Emerald City Band rocks Murphy

Emerald City Band rocks the house down in the final Sounds at Sundown concert, Friday, June 28. By 7:30 p.m., all the parking lots for Murphy Central Park were full, including PSA Murphy and City Hall. Drivers lucky enough to find a spot unloaded quickly, hauling lawn...

read more
Creekbed treated to prevent West Nile Virus

Creekbed treated to prevent West Nile Virus

Sam Green of All Pest Solutions wades upstream in Maxwell Creek to spray pellets for killing mosquito larva after several mosquitos tested positive for the West Nile Virus. Certified pest control applicators began mosquito abatement following the discovery of three...

read more
Public Notice - Subscribe