Amarillo City Budget Process

The Amarillo City Council found out on Wednesday how this year’s budget process is going to go.

This is instead of an almost unchanged tax rate and with five-million dollars more to spend.

New property and increased appraisals create an income increase.

Under the plan, an owner of property taxable at $100,000 would see a decrease in taxes of about $12. City property taxes make up less than 20 percent of an owner’s tax bill.

City staffers will recommend a tax rate per $100 of taxable value at the limit set by the state to avoid having an election, and the process is expected to end by September

More about: