Whitehouse could see additional tax revenue

Published on Tuesday, 20 August 2013 23:48 - Written by KELLY GOOCH, kgooch@tylerpaper.com

The city of Whitehouse could receive some additional revenue if it adopts its proposed tax rate.

Whitehouse is proposing to keep the same tax rate of 67.21 cents per $100 valuation, which is above the effective rate. The effective rate — the rate needed to maintain current revenues — is 66.53 cents per $100 valuation.

“We’re doing everything we can to work within our means,” the assistant city manager, Kevin Huckabee, said.

Huckabee said Whitehouse would raise about $6,600 in additional revenue with the proposed tax rate.

As of Tuesday, he said the city’s total projected revenue is $6 million, while total projected expenditures are at $5.8 million. Any leftover money will go back into city reserves, he said.

Huckabee said the budget was “kind of challenging” with the city taking on the Whitehouse Baseball/Softball Complex reconstruction project.

He said the city has budgeted about $80,000 for operating expenses.

He said Whitehouse didn’t know what to project as far as sales tax from alcohol – voters approved the sale of beer and wine in May – but were conservative on the amount. In the end, the city projected an additional $50,000.

Two public hearings have been held on the proposed budget and proposed tax rate. However, Huckabee said changes can still be made before the budget is officially approved. He said he plans to ask the council about adjusting the budget for a full-time fire chief rather than a part-time chief.

He said the budget will likely be adopted next Tuesday.