On Monday, July 19 the City of Brownwood released its proposed budget for fiscal year 2021/2022. The new fiscal year begins on October 1. The total budget is $36,088,926, an increase of 0.23% over the current year budget.
The budget includes a decrease in the ad valorem property tax rate, down 1.42%; an increase in water rates of 1.3%; and a projected increase in sales tax receipts of 9.3%. (Current year-to-date sales tax receipts are up 12.9%.)
In a letter accompanying the proposed budget, City Manager Emily Crawford stated “Our policy is to adopt a sound and fiscally conservative budget and to adhere to it closely during the budget year.”