Annual Report Released - KLTV.com - Tyler, Longview, Jacksonville |ETX News

4/23/06-Tyler

Annual Report Released

The City Of Tyler is in good financial shape, according to the 2005 Annual Report. That's in part, it says, because of the half-cent sales tax.  In the last eight years, $65-million has been spent on capital improvements. They've paid cash for things like traffic signals, roadwork and city parks. The city will reduce debt by paying more than one million dollars this year, and $600,000 in 2008. By 2009, the city should be debt free. The city also has one of the lowest tax rates in the state.

Tyler Mayor Joey Seeber says a comprehensive, ten-year plan helped get the city where it is, and long-range planning will keep the city on the right track. "I think that it's important that we continue to be really conservative about our spending. That we not spend too much of the tax payers dollars, but at the same time that we address those needs that are really important in our city."

Lindsay Wilcox reporting, lwilcox@kltv.com

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