The next public hearing on the city of Kerrville’s Fiscal Year 2020 Proposed Budget will cap another arduous, eight-month budget-planning process by the city’s finance department, and demonstrates once again the city’s commitment to strong and transparent fiscal management. 

The FY20 Proposed Budget, which is available for review online at https://kerrvilletx.gov/DocumentCenter/View/34317/FY2020-Proposed-Budget, was officially filed on July 31 and presented to the City Council on Aug. 13. The next public hearing on the budget will be on Sept. 10.

This budget proposal advances many priorities of the Kerrville 2050 Plan while lowering the property tax rate from 55.14 cents per $100 of assessed value to 54 cents. The rate reduction is the second in three years and takes the property tax rate back to the 1980 level. The city has not raised the property tax rate since 2010. 

The city’s financial planning has for years been singled out for excellence by a number of municipal rating agencies. Standard and Poor’s continues to assign a AA rating to the city’s general obligation debt and certificates of obligation, with the city’s most recent S&P bond rating analysis including the following commentary: 

• “Very strong management, with strong financial policies and practices.” 

• “Strong budgetary performance, with operating surpluses in the general fund.” 

• “Very strong budgetary flexibility.” 

• “Very strong liquidity.” 

Kerrville’s finance department has also been awarded the Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report for 34 consecutive years. This prestigious recognition comes from the Government Finance Officers Association of the United States and Canada and is the highest form of recognition in the area of governmental accounting and financial reporting. 

In addition, the city of Kerrville annually receives the Government Finance Officers Association’s Distinguished Budget Presentation Award. This award reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting. In order to receive the budget award, the city has to satisfy nationally recognized guidelines for effective budget presentation that assess how well the budget serves as a policy document, financial plan, operations guide and communication device. 

And finally, Texas Comptroller Glenn Hegar announced in April that the city had received a Transparency Star in the area of debt obligations, which recognizes entities whose websites show visual and narrative detail on outstanding debt, tax-supported debt obligations, historical bond elections and more. 

Transparency Stars recognize local governments that provide easy online access to important financial data. The city’s Transparency Star in April will be added to a Transparency Star awarded to Kerrville last year for Traditional Finance reporting. 

The city of Kerrville finance staff includes Chief Financial Officer Amy Dozier, Assistant Finance Director Julie Smith and accounting staff members Sureena Cripps, Nina Dunn and Trina Rodriguez. 

Mark McDaniel is the city manager of Kerrville.

(2) comments

bruno1

City Manager McDaniel forgot to mention in his financial spin on the wonderful financial condition of Kerrville that it all started with a bait & switch property tax scheme. This year KCAD conducted a blanket assessment increase on most of the city's lower valued homes & lots. What does that mean? House lot values were increased by a simple blanket computer click which raised older home lots taxable value, mostly inhabited by the low wage working class folks, by as much as 200 per cent. Why is that so bad? Because it affected rentals properties which passed the higher valuation on to renters with higher rents. It also affects people living on fixed income who now have an increase property tax without any increase value of their home. A blanket raise of property tax on the poor while many Comanche Trace residence received a decrease in property valuation just doesn't quite sound right. So the blunt of the wonderful City financial condition is passed on to the citizens who can't afford it while the spin comes out of City Hall. This is a good time for the recall of a council that allowed this to take place.

Mary Lou Shelton

very accurate post ok. I have read numerous articles about how tx. cuts a lot of slack to wealthy home owners by appraising their home far below market value, but they put it to the average working stiff. but this is the way it has always been and probably always will be. not too different from Murr's proposal to steeply cut taxes on big land holders, and make up for it by increasing the sales tax. just more giveaway to those that have while sticking it to those that dont. gene

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