The city of Copperas Cove is set to move forward with its approximately $47 million budget as the city council voted 6-0 last week in favor of adopting the Fiscal
COPPERAS COVE â The Copperas Cove City Council met Tuesday to discuss the property tax rate for the Fiscal Year 2021-2022 budget.
Currently, city residents are assessed a tax rate of 78.65 cents per $100 valuation, which the council ultimately adopted on Aug. 4, 2020.
The cityâs tax rate is the highest when compared to 10 other area cities, to include Killeen and Harker Heights.
Councilman Dan Yancey emphasized during the meeting that though it is the highest tax rate, it is more affordable to live in Copperas Cove than some of the other cities.
When comparing the average yearly cost for property taxes, Copperas Cove is the fifth lowest out-of-pocket cost among the 11 cities.
After hearing the initial proposed Fiscal Year 2021-2022 budget on June 1, the Copperas Cove City Council heard a more detailed version of the budget Tuesday evening.
As the city of Copperas Cove begins its budget season, it is facing another deficit that will require fund balances to balance the budget.
City Manager Ryan Haverlah and Budget Director Ariana Beckman presented the Copperas Cove City Council with the proposed budget for Fiscal Year 2021-2022.
The overall proposed budget is around $49.4 million of expenditures across all funds. Total revenues are projected to be around $45.9 million. These proposed figures represent an overall budget deficit of around $3.5 million.
The city of Copperas Cove has five main funds â general, water and sewer, solid waste, golf course and other.
The largest deficit is expected to be found in the General Fund and is expected to be around $1.1 million, a nearly $400,000 improvement from last yearâs budget that the council adopted.