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New tax rate proposed at Killeen council workshop; funding options discussed


The Killeen City Council got a second look at street financing options — and a new tax rate — at the end of a workshop Tuesday.
In what turned out to be a lengthy presentation, Executive Director of Finance Jon Locke presented several scenarios that may be used for street maintenance and reconstruction.
Locke proposed a new property tax rate of 70.11 cents per $100 valuation — which is down from the 72.30-cent tax rate proposed in the fiscal year 2022 budget, and even lower than the current rate of 73.30.
According to Locke, increased tax valuations conducted by the county have allowed the city to lower the proposed tax rate. However, residents will pay the same amount of tax with the new rate of 70.11 cents as with the previous rate of 73.30 under the old property valuations. ....

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Killeen city manager presents FY 2022 budget


City Manager Kent Cagle officially presented the proposed Fiscal Year 2022 budget at the Killeen City Council workshop Tuesday, a week later than planned.
The presentation was delayed by a week due to city council failing to meet quorum on July 6.
Cagle presented the $244.7 million budget while fielding questions from council members. Mayor Pro Tem Debbie Nash-King was not in attendance.
In Comparison
Cagle first drew comparisons between Killeen and “similar cities,” which he described as cities that were either near a military installation, close to Killeen in population, or were nearby.
“Killeen just does not perform particularly well when compared to similar cities,” Cagle said. ....

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