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The Galveston City Council recently adopted a tax rate of 56 cents per $100 property valuation for the upcoming fiscal year.
The rate is 2 cents lower than the current rate. The City Council adopted a rate of $.0525 in regards to debt service and $.5075 in regards to maintenance and operations, according to The Galveston.
There will be no increases for homesteading owner-occupants over the age of 65 who own a single-family home.
Investments in water and street infrastructure, public safety, and improved drainage are a few of the cities priorities that the budget accounts for, in addition to 90 days of emergency funds to cover operating expenses.
Salary increases for public safety personnel, who represent over a third of the city's workforce, are the reason behind the budget changes.
Due to COVID-19, the City of Galveston's sales tax revenue for the previous fiscal year fell to $14.4 million, $1.6 million under budget.
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