TYLER, TX (KLTV) - Tyler residents will see a slight tax increase this upcoming fiscal year.
On Sept. 12, the Tyler City Council voted to adopt a .4452 cent increase to the current property tax rate which is .24 cents per $100 valuation.
The increase in funds will go towards items in the city's budget for the upcoming fiscal year, which was also approved today by the council.
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Upgrades to transportation, new equipment for emergency personnel, and improvements to the public library are all things the city plans to fund through the increase. At less than a penny, it translates to $6.68 annually for a home valued at $150,000.
"The citizens will see their money re-invested back into their community," says Tyler Mayor Martin Heines.
The city says that reinvestment is reflected in the new budget, which outlines projects the city plans to prioritize in the fiscal year to come.
"The budget that we have proposed is really focused on our time to build type theme," says Ed Broussard, Tyler City Manager. "So you have the infrastructure components that really become a major component of this."
Among the key projects are the replacement of waterlines, water line looping in key areas to improve water quality and improving the pavement condition of several city streets.
"With the 20 million dollars of work we are doing specifically on the water and sewer it's so important," says Mayor Heines. "You don't see the water and sewer pipes in the ground, but they have decayed over many many decades so it's a commitment on our part to do the right thing."
The budget also includes changes to merit-based compensation for city employees and increasing the living wage to $12 per hour.
"This year is a year that we are looking at having full employment staff," says Heines. "This is a good year to be a citizen of Tyler."
Other projects included in the city's 2018-2019 fiscal year budget include the investment of over $800,000 in city parks and opening city positions that have been frozen since 2016.