HomeMy WebLinkAboutimg027 Aspecial note of thanks is given Capital Improvements Program Phil Springer Library Committee
to the following council-.appointed Advisory Committee Ann llarpsr Ralph Reed-O umtan
David Brochu-Chairman Hays Glover Ruth Schultz-Vice Chairman
citizen's committees for their work
Hubbard Kemrady-Vice Chairman lorry Cooper Lee Cole
on these propositions: Andrew Oements Ruth Cle-.trfield Edwin noldredge
Helen Perry Sherryl Anne Taylor Charles Smith
Tom Longbrake Gerald Miller Ment Turbiville
Pat Boughton MarthaCatup Christine Mitchell
Dempsey kastrunk Joanne Davis Rebecca Landinann
Britt Rice Mike Lane Mardran Bustion
Dan Sears Ann Anderson
Bond propositions and related annual operating costs could affect your COLLEGE STATION TAX RATE AS COMPARED TO OTHER CITIES
taxes in the following way: OF SIMILAR POPULATION
Proposition Annual Capital Operating City Population TaxRate per
$100 Valuation
1.Street&Sidewalk Improvements $4,500,000 $200,000
2.Wolf Pen Creek 2,000,000 College Station 52,000 $.40
3.Park Land Acquisition 1,000,000 Temple 50,000 $.63
4.Park Improvements/Development 1,000,000 100,000
5.Library 2,500,000 370,000 Killeen 59,560 $.50
6.Public Buildings 300,000 Denton 64,000 $.61
7.Early Warning Weather System 300,000 Victoria 58,100 $.60
8.Cemetery Improvements 75,000
9.LoTrak 3,000,000 Bryan 56,000 $.57
Total 14,675,000 $670,000
Annual Debt Service $1,467,500
Operations 670,000 Historical property tax rates and future rates required to support the
Total $2,137,500 bonds currently proposed are:
Use of Sales Tax (175,000) 1982—$.31 1983—$•31 1984—$.31 1985—$.36
Total Annual Debt/Operations $1,962,500 1986—$.38 1987—$.38 1988—$.38 1989—$•38
One cent($.01)in taxes would generate$110,000 in revenue.To offset 19"—$.40 1991—$.40 1992—$.46
$1,962,500 in debt would take 17.85 cents.One cent($.01)increase in taxes 1993 452 1994—$•58
will effect the total taxes on a$75,000 home by$7.50 annually.