A Sept. 9 public hearing, starting 6:30 p.m. in the Cameron-J.Jarvis Troup Municipal Library at 102 South Georgia Street, will be held on a proposed $2,493,114.34 city budget for the upcoming fiscal year, which begins Oct. 1.
This budget is comprised of figures from four different proposed budgets: General fund, library, sewer/water and debt service, and is an increase of $12,322.61 over the current budget, according City Manager Gene Cottle, who said it is primarily due to an increase in the library's proposed budget.
The current city budget is $2.480,781.73.
The council also proposed an effective tax rate of $0.922924 per $100 property valuation, a slight decrease from the current tax rate of $0.943158.
While property owners will get a slight break, Cottle explained that because property values in Troup have risen, an effective tax rate will generate the same amount of revenue as the current rate.
The proposed city budget can be accessed via the website www.trouptexas.org.