McLennan County commissioners adopted the fiscal year 2018 budget and set the tax rate in a unanimous vote Tuesday.
No one spoke during a public hearing on the budget before the vote. Two individuals spoke during one of the two public hearings on the tax rate.
County Judge Scott Felton said he thinks this year’s budget process went smoothly.
“It’s probably the cleanest presentation of each department and elected official of their budget since I’ve been here,” Felton said.
Before the vote, County Auditor Stan Chambers told commissioners the final budget includes six changes they approved since they filed the proposed budget.
The tax rate will be 50.5293 cents per $100 of property value, down 2 cents from the 2017 rate and down 3 cents from the 2016 rate. County leaders estimate they will collect $74.1 million in property tax revenue for 2018, up $473,326, about .63 percent, from 2017. The 2018 fiscal year starts Oct. 1.
The budget includes an estimated starting fund balance of $40.9 million and an estimated ending fund balance of $32.78 million. The budget projects almost $70 million in general-fund tax revenue and almost $31 million in other general-fund revenue.
It projects almost $100 million in general-fund expenditures.