The Grayson City Council voted recently to maintain a millage rate of 2.10. This is the third year in a row without a millage rate increase. Thanks to new home construction and commercial growth, the city still anticipates collecting an additional $65,797 in revenue, a 23.52 percent increase.
Other revenue sources include $215,000 from utility franchise fees, $185,000 from alcohol taxes, $34,000 from cell tower income, and $40,000 from motor vehicle taxes.
The increase revenue allowed the city to also approve a $1.27 million operating budget for fiscal year 2017-2018.
Grayson’s property taxes fund an estimated $40,000 for storm water drainage, $80,000 for streetlights, $195,000 for sanitation, recycling and yard pickup service, $174,417 for city salaries, and $75,000 for planning and development.
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