Residents in Henrietta are likely going to see their property tax rate rise.
The Henrietta City Council met in a special session last night to work on the 2011 budget. A wet Spring this year has driven water revenue down, property values are some $800,000 less than last year and water and waste water treatment facilities are in need of repair. Those three things are going to drive property taxes up.
Councilors are looking at something to the extent of 77 to 78 cents per $100 of property value. That includes an added debt tax for a loan from the Texas Water Development Board for major repairs to the city's water system.
The City will have to clear up a deficit of between $150,000 and $160,000.
There are two public hearings set once the budget is hammered out. Residents will get their chance to voice their concerns on August 30th and September 8th. Councilors hope to adopt the 2011 budget September 13th.