City council sets hearing on proposed budget, tax rate
The Cameron City Council held a public hearing on the proposed budget and tax rate and took care of a few other items during its meeting Sept. 3.
The public hearing was on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 9 percent.
The average taxable value of a residence homestead in Cameron last year was $75,199. Based on last year’s tax rate of $0.753279 per $100 of taxable value, the amount of taxes imposed last year on the average home was $566.46.
The average taxable value of a residence homestead in Cameron this year is $79,491. If the governing body adopts the effective tax rate for this year of $0.6860 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $545.31.
If the governing body adopts the proposed tax rate of $0.7572 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $601.91.
The city will hold a second public hearing on Sept. 9 at 5:30 p.m. at Cameron City Hall.
For more information on the budget, you can visit City Hall.
The council also held a hearing on the proposed 2019-20 budget and the CEDC 2019-20 budget. Hearings on both of those will also be on Sept. 9.
In other business the council also approved two events use of city property. They approved the First United Methodist Church’s request to close streets for 5th Quarter activities on Sept. 27 following the Cameron Homecoming game and the approved a request from Cameron Police Officer Amanda Duncan to host National Night Out at the Cameron Police Department on Oct. 1.
The council also approved using HOT funds in the amount of $500 for a Tourism Summit to be held in November.