New city budget could mean tax increase for Sun City homeowners
POSTED: Sunday, July 20, 2014 - 3:05pm
UPDATED: Monday, August 4, 2014 - 4:49pm
EL PASO (KTSM) — A community divided on the city's proposal for a $826.2 million budget for fiscal year 2015. The new budget would be a 3 percent increase compared to this year's budget of $801 million.
Overall, the tax increase would be 2.3 cents divided between economic incentives for local businesses and the voter approved quality of life bond.
If the proposal is approved by council, a homeowner will be paying an average of $34 more in property taxes next year. This follows last year's property tax increase of $28 for a home valued at $100,000.
Monday's budget hearing will be the first of four throughout the week.
The new budget could also mean paying more for trash service, park and pool rental costs, and city league fees.
Frank Licon, a resident of central El Paso, said the increases are just something residents have to deal with.
"Everything costs more, inflation, everything goes up so you have to be able to compensate the city for all of that. So it makes sense. It's hard, but it makes sense," Licon said.
But Yvonne Cubia, an east El Paso resident, said increased fees will impact residents.
"I have three kids that play [for a city league], so now I have to consider paying more fee for three kids. Sometimes you know, you can't afford it," Cubia said.
City officials say the new budget would make up for revenue shortfalls and debt for different departments.
For a look at the proposed budget, visit the City of El Paso website.
The hearings will be held in the main conference room at City Hall. The public is welcome to attend.
Monday, July 21, 2014 8 a.m.
Break for LRC/AGENDA REVIEW
10 a.m. Aviation
City Development/Economic Development
Destination El Paso
Museums & Cultural Affairs
Wednesday, July 23, 2014 8 a.m.
Department of Public Health
Parks & Recreation
Mayor and Council
Mass Transit – Sun Metro
Thursday, July 24, 2014 8 a.m.
Department of Information Technology Services
Office of the Comptroller
Purchasing & Strategic Sourcing
Human Resources/Insurance & Benefits
Friday, July 25, 2014 8 a.m.
Department of Transportation
Engineering and Construction Management
Monday, July 28, 2014 9 a.m.
Introduction of Ordinance Levying FY 2015 Tax Rate
Pursuant to Section 3.9 of the El Paso City Charter
July 30, 31& August 4, 5, 2014 9 a.m.
Budget Wrap up