Budget and Tax Information
CITY OF RUNAWAY BAY – BUDGET INFORMATION
The City of Runaway Bay follows the guidelines outlined in Local Government Code (LGC) 102 pertaining to the preparation and adoption of the annual budget. The Mayor serves as the Budget Officer (LGC 102.001).
Each year the budget officer shall prepare a budget to cover all proposed expenditures of the municipality for the succeeding year.
Local Government Code 102.005
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The budget officer shall file the proposed budget with the municipal clerk before the 30th day before the date the governing body of the municipality makes its tax levy for the fiscal year.
Local Government Code 102.006
- The governing body of a municipality shall hold a public hearing on the proposed budget.
Any taxpayer of the municipality may attend and may participate in the hearing. The governing body shall set the hearing for a date occurring after the 15th day after the date the proposed budget is filed with the municipal clerk but before the date the governing body makes its tax levy.
- The governing body shall provide for public notice of the date, time and location of the hearing.
- The annual budget must be approved by the City Council by the adoption of an ordinance that is filed with the Wise County Clerk’s office.
- A new budget begins on October 1 and ends September 30th of the next year.
Budget Summary for Fiscal Year 2008-2009.
For a detailed budget contact City Secretary, Oneta Berghofer, at 940-575-4745.
Tax Information
2008 Ad-Valorem Tax Rates
City of Runaway Bay 0.57616 cents per $100 valuation
Bridgeport ISD 1.19858 cents per $100.00 valuation
Wise County .283037 cents per $100.00 valuation
Wise County Lateral Roads .011000 cents per $100 valuation
Wise County Water Supply District #1 - $0.01000
The net appraised value for Runaway Bay that was certified in July 2008 was $98,877,742.00
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