City of Rhome cuts tax rate

By Richard Greene | Published Saturday, October 6, 2018
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With increased revenue from sales taxes and growth in the tax roll, Rhome City Council dropped the tax rate for 2018-19 at its Sept. 28 meeting.

The council approved the rollback rate of 47.6325 cents per $100 of valuation – a nearly 5-cent cut from the 2017 rate of 52.34 cents.

Mayor Michelle Pittman di Credico proposed setting the rate at the rollback rate after getting the latest sales tax numbers last month. Through the September report from the Texas Comptroller, which shows sales tax receipts from November 2017 through July, Rhome’s sales taxes were up 19.01 percent, $71,436, from the same period the previous year to $447,034.52. The city is projecting $560,000 in sales tax revenue next year.

“With the projected increase in sales taxes and health insurance premiums decreasing, we were able to go back to the rollback rate,” di Credico said. “We were also able to keep all the items in the budget.”

The city’s tax roll grew from $122.9 million last year to $146 million.

The city is looking to bring in $3.193 million in total revenue for 2018-19 – $2.161 million for the general fund and $1.032 million for water and sewer.

The city’s total expenses are expected to be $3.190 million. The general fund budget is growing from $2.058 million to $2.161 million.

di Credico said the budget includes raises for the staff. The budget also has the full year salary for a city administrator, which was hired this past year.

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