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with minutes; updated 07 December 2024 / posted 22 November 2024 • Tags: #CityServices #CityHall #Finance #CityHall #Finance • Background : At the November 28, 2023 * , and February 13, 2024 * , City Council Mayor Pro Tem Young provided comments to the total financing number and its allocation to which Mr.

Budget and Taxes: Public Hearings 13 September 2022 Research: Willow Park Civics > City Documents > Finances , Taxes Debt Willow Park Civics > Issues > Property Tax Willow Park Civics > Resources > Glossary > Finance

Summary: Texas continues to collect increasing tax revenue every month. In September, sales tax revenue totaled $3.69 billion, 17.2% more than last September; Sales tax accounts for 56% of all tax collections and is the largest source of funding for the state budget. Latest Update: Wednesday, 19 October, 2022 Revenue continues to pour in, $3.7 billion in sales tax collected in September The Center Square 05 October 2022 Excerpts Texas continues to collect increasing tax revenue every month. In September, sales tax revenue totaled $3.69 billion, 17.2% more than last September, Comptroller Glenn Hegar said. Overall, total sales tax revenue for the three-month period ending in September was up 14.9% compared to the same period a year ago. The majority of September sales tax revenue is based on sales made in August and remitted to the agency in September. Sales tax accounts for 56% of all tax collections and is the largest source of funding for the state budget. “State sales tax collections continued to climb rapidly in September, with solid growth in receipts from all major economic sectors,” Hegar said. “Surging receipts from nonretail sectors indicate that the exceptionally strong spending by businesses in recent months continued unabated. Spurred in part by inflation in building materials and other business input prices, the mining, construction, manufacturing and wholesale trade sectors have each exhibited double-digit growth in sales tax remittances for 10 or more consecutive months.” He also noted that receipts from retail trade and restaurants grew moderately and at less than the rate of consumer price inflation. This suggests that Texas households are prioritizing their spending on necessities like rent, groceries and transportation, items not subject to sales tax, in response to inflation. However, receipts from online shopping, building material and home improvement stores, and automotive dealers and parts stores all saw double-digit increases compared to last September. Receipts from clothing, electronics, appliances, furniture and home furnishings stores remained steady. Receipts from general merchandisers, sporting goods and hobby stores were down from a year ago. The largest amount of sales tax paid came from motor vehicle sales and rental taxes totaling $616 million; motor fuel taxes totaled $328 million. Both were up 13% and 2%, respectively, from last September. Alcoholic beverage taxes totaled $138 million; hotel occupancy taxes totaled $57 million; both were up 13% and 11%, respectively, since last September. But the consistent bulk of taxes paid, as has been the case nearly every month this year, has come from the Texas oil and natural gas industry. Willow Park Sales Tax Projection Worksheet During their 12 July 2022 Budget Workshop, the city council had in-depth presentations and discussion about the Willow Park 2022 - 2023 city budget and tax rates, including the following: preliminary 2022 - 2023 budget for all department video / audio of in depth discussion of proposed budget and tax rate. current debt​ in .pdf Sales Tax Projection Worksheet in .pdf City of Willow Park, Sales Tax Report January 2022 [end]

December, 2023, posted 08 December, 2023 • Tags: #DevelopmentSouth #DevelopmentNorth #TIRZandWilksDev #Finance #TIRZandWilksDev #DevelopmentNorth #Finance • Minutes.

Summary: “My goal is to eliminate the school property taxes imposed in the state of Texas so that people can genuinely own their own home without being taxed out of it,” Abbott said. Latest Update:Tuesday, 18 October, 2022 “My goal is to eliminate the school property taxes imposed in the state of Texas so that people can genuinely own their own home without being taxed out of it,” Abbott said. Abbott, O’Rourke spar over immigration, abortion and Uvalde shooting in debate, Texas Tribune, 30 September 2022 The two candidates were also asked about how they would provide long-term tax relief for Texas property owners. O’Rourke said he would do so by finding new sources of revenue like expanding Medicaid, which would provide some relief to taxpayers who are paying for uncompensated indigent care in their communities. He also said he’d increase the state’s share of public education funding to 50% and make corporations pay their “fair share” of property taxes, and he said the legalization of marijuana could create an additional revenue fund for the state. Abbott said he wanted to use half of the state’s estimated $27 billion surplus next session to provide homeowners with property tax relief by driving property tax rates down. Texas Governor Commits to ‘Eliminate School Property Taxes’ Texas Scorecard, 04 October 2022 In what one pro-taxpayer group called a “bombshell,” Texas Gov. Greg Abbott said last week that he supports eliminating property taxes. Lawmakers begin filing bills on November 14 for the next Texas Legislative session, which begins January 10, 2023. Abbott Backs Eliminating Largest Component of Property Tax Bills in Texas, The Texan, 12 May 2022 The governor of Texas now supports eliminating the largest component of Texans’ rising property tax bills. Governor Greg Abbott told KPRC 2 Houston this week, “I strongly support using the state surplus to reduce the amount of property taxes owed.” He then stated the Texas legislature should eliminate the school district Maintenance and Operations (M&O) tax rate in a lasting manner, not a one-time buydown. “This has to be done in a way so mathematically it can be calculated so if we put in a billion or five billion whatever, it will be enduring for every year into the future,” he added. Put together, this outline of a policy is essentially the Texas Public Policy Foundation (TPPF) plan called “Lower Taxes, Better Texas.” Willow Park Civics Research Willow Park Civics > Issues > Property Tax [end]

July, 2023, Friday, 23 June, 2023 • Tags: #EMSFirePoliceAmb #FortWorthWater #WastewaterTreatmentPlant #Finance

WPC Research: WPC Blog > 13 September 2022 Council Meeting Willow Park Civics > City Documents > Finance - Budget, Taxes, Debt willow Park Civics > Resources > Glossary - Finance, Budgeting, and Taxes [end

[source 21Feb23P&Z ] "The City of Willow Park (City) is proposing to use $14,130,000 in financing from The TWDB [ Texas Water Development Board ] and the City closed the financing on June 23, 2021 ". A user rate increase of $3.00/ month [5.9%] will be required to finance this project. " [ 12 April 2022 #FortWorthWater   #WastewaterTreatmentPlant   #Finance • Background : ...Water purchases are increased The TWDB on April 22 approved a resolution that would provide the financing from the Clean Water State

Civics Blog > WP Council names interim police chief * Willow Park Civics Blog > Current Willow Park Financial Tags: #DevelopmentSouth #ARPA #Electricity #Finance #EMSFirePoliceAmb Public Comments [none] ​ Agenda #Finance Background: Council will hear the Annual Audit from Snow, Garrett, and Williams, CPA. Willow Park Civics Blog > Current Willow Park Financial Audit 6.

Hudson Oaks water meter telemerty equipment on WP water tower; City's Public Funds Investment Policy; 2Q Financial May, 2023, Tuesday, 16 May, 2023, Wednesday, 10 May, 2023 Tags: #FortWorthWater #DevelopmentNorth #Finance #Finance Background: The purpose of Investment Policy is to set forth specific policy for investment Exhibits: Resolution Adopting Financial & Investment Policy Exhibit B: Investment Policy 7. Discussion/Action: to approve the 2nd Quarterly Financial Report. 8.

Tags: #DevelopmentSouth #CityHall #Finance #EMSFirePoliceAmb #ARPA #Elections2020 Public Comments [none Discussion & Action: To approve amending the FY 22 – 23 budget to reflect increased sales tax #CityHall #Finance