Colleyville works on upcoming budget

Posted Monday, Aug. 19, 2013  comments  Print Reprints
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Editor's Note: This story has been amended to clearly express the city's proposed tax rate. The proposed budget for Colleyville’s 2014 fiscal year includes no tax increases and a 5-year-plan for the future.

The City Council and staff reviewed the proposed budget at an Aug. 13 work session. The Council will officially review the budget on Sept. 3 before a vote on Sept. 17.

The city manager recommended keeping the tax rate at $.3559 per $100 of valuation where it has remained since 2008. The city will formally address the tax rate at the Aug. 20 City Council meeting.

Mayor David Kelly said increased revenue affords the city the ability to tackle more citizen-guided projects.

“We were fortunate that we started to see an uptick in housing values and additional revenues through sales tax,” he said. “We always know there will never be enough funds to take care of all our needs, but we do have a little bit of room now to take care of some of the additional concerns that some of our residents have.”

New to the budget this year is the addition of a Capital Improvement Plan to be reviewed alongside the budget. This 5-year plan helps prioritize projects, along with a plan for funding and scheduling.

“This is an opportunity to consider all of the city’s capital needs in coming years and determine the priority of each,” said City Manager Jennifer Fadden.

Councilman Chuck Mogged said an integrated Capital Improvement Plan is much needed.

“It really links our strategies with the annual budget,” he said. “So the annual budget lines up and we spend on the most important things first, and not the things that come up quickest.”

The city has budgeted $27 million for the plan in the upcoming fiscal year, which begins Oct. 1. That’s more than half of the plan’s five-year $53.6 million cost.

Projects in the Capital Improvement Plan the city plans to tackle this year include the updating of infrastructure, drainage and streets in the 40-year-old Kingston Estates neighborhood at $1.8 million, the construction of the Jackson/Cheek-Sparger Roundabout at $2.1 million, and construction of State Highway 26 from John McCain to Hall-Johnson Road at $14 million.

Mayor Pro Tem Mike Taylor said focusing on infrastructure projects is like putting money back into citizens’ pockets because it’s a long-term asset.

Kelly said the roadways are vital.

“Having a formal capital improvement plan shows the need we have for replacing our infrastructure and to always keep improving and revitalizing those assets that deteriorate over time,” he said. “It’s going to be a tough thing to keep funding, but we can bite off a small bite year after year.”

The proposed budget can be viewed on www.colleyville.com.

Dustin L. Dangli, 817-390-7770 Twitter: @dustindangli

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