Transparency

Budget -2020 (Jpg)

NOTICE OF TAX RATE AND BUDGET


The Town of Shady Shores begins working in March of each fiscal year to plan and develop a budget that will reflect the needs plans for the Town.  The budget is developed through a series of committee meetings with the Town Budget Committee; staff and council members.  A base budget is prepared in accordance with legal requirements, council plans, policies and actions.  A draft budget is then prepared and several worksession are held in open session.  This years's budget worksessions were held at the May, June, July and August Town Council meetings.  A public hearing is scheduled for August 19, 2020 at 7:00 pm.  

This webpage complies with Sec. 26.18 Posting of Tax Rate and Budget Information by a Taxing Unit on their website.

TOWN OF SHADY SHORES TOWN OFFICIALS

NAMEPOSITIONEMAILPHONE
Cindy AughinbaughMayorcindy.aughinbaugh@shady-shores.com940-498-0044
Tom NewellMayor Pro-Temtom.newell@shady-shores.com940-498-0044
Charles GrimesCouncilmembercharles.grimes@shady-shores.com940-498-0044
Matthew HainesCouncilmembermatthew.haines@shady-shores.com940-498-0044
Jack NelsonCouncilmemberjack.nelson@shady-shores.com940-498-0044
Mike NowelsCouncilmembermike.nowels@shady-shores.com940-498-0044


PUBLIC NOTICES
Each taxing unit is required to publish their No-New-Revenue Rate and their Voter-Approval Rate.  Counties and cities must meet publishing requirements as prescribed by the Local Government Code.

AVERAGE HOMESTEAD/RESIDENCE COMPARISON



20192020CHANGE
Total tax rate
(per $100 of Value)
$0.321958$0.3219580% increase
Average Homestead Taxable Value$327,158$347,4106% increase
Tax on Average Homestead$1,053$1,1196% increase
Total tax levy on all properties$1,071,969$1,110,7844% increase

REQUIRED PUBLIC HEARINGS

A public hearing is required to give residents and taxpayers the opportunity to express their views on tax increases and the proposed budget.  A quorum of the governing body is required to be present at all hearings.  Each public hearing is open to the public and follows the Texas Open Meetings Act requirements.

The Following Public Hearings are scheduled for the Town of Shady Shores
August 19, 2020 7:00 pm Public Hearing on the 2021 FY Budget

September 14, 2020 7:00 pm  Public Hearing on the 2020 Tax Rate.

The above September 14, 2020  Public Hearing will be held at the Shady Shores Community Center at 101 S. Shady Shores Road and or virtually at http://shady-shores.com/990/Agendas-and-Minutes  Individuals who wish to speak may do so in the following ways, register to address the town council through the live Zoom meeting.  Attend the public hearing in person, * town council members may be present either in person or virtually.  Sign up to speak on our website or email wendy.withers@shady-shores.com to sign up or make your comments.

ANNUAL BUDGET

The Town Council will consider and adopt the 2021 FY Budget and the 2020 Tax rate at the Regular Town Council meeting held on September 14, 2020.  At this time Town Council is planning to hold the meeting in person; interested parties may view the meeting on Zoom or through our town's website http://shady-shores.com/990/Agendas-and-Minutes .  

View the proposed budget as well as the previous two years budgets 

ANNUAL FINANCIAL AUDIT
View the Town of Shady Shores annual financial audit for 2019-2020 Fiscal Year


CHANGE IN BUDGET


FY 2021
PROPOSED
FY 2020
ADOPTED
CHANGE
AMOUNT
%
CHANGE
GENERAL FUND $2,068,8941,850,869 $ 218, 025 12%


HISTORICAL TAXABLE VALUE


Fiscal Year

Taxable Value                    % Increase

Average Home Value

Maint & Operations Rate

Average Property Tax

FY 2014

$239,839,587

3%

$242,141

0.314625

$ 761

FY 2015

$256,155,059

4%

$255,030

0.314625

$ 802

FY 2016

$274,677,404

6%

$271,005

0.314625

$ 852

FY 2017

$293,657,030

13%

$306,648

0.314625

$ 964

FY 2018

$307,206,051

7%

$310,497

0.314625

$ 977

FY 2019

$322,041,387

4.6%

$324,997

0.321958

$1,046

*FY 2020

$345, 008,976

3.7%

$330,000

0.321958

$1,063

*PROPOSED

HISTORICAL PROPERTY TAX RATE


YEAR
TAX RATE
2014.314625
2015.314625
2016.314625
2017.314625
2018.314625
2019.321958
2020.321958



Financial Transparency and Open Government

The Town of Shady Shores is pleased to promote transparency and openess within our Municipal Government Structure. The following links will help you easily find information about the town.

LEARN ABOUT TRANSPARENCY - Visit the Texas Comptroller of Public Accounts website for information on Local Government Transparency.

FINANCE - This site offers information about past and current budget, tax rate comparisons, monthly financial reports, monthly check registers, investment committee reports and annual audits.

PRIVACY POLICY - The Town of Shady Shores does not share or distribute our customers personal information.

REFUND POLICY - The Town of Shady Shores can not issue refunds for services that have already been performed. Solid Waste accounts may be issued a refund at the time of account closure.

SOCIAL MEDIA POLICY

SOCIAL MEDIA POLICY EXHIBIT A

BOND ELECTION PLEDGE: The Town of Shady Shores currently has no debt and has no proposed bond packages at this time.

PUBLIC INFORMATION REQUESTS: The Town Secretary handles all public information requests. Wendy Withers, Town Secretary may be contacted at 940-498-0044 or you may fill out a request online.

TOWN COUNCIL AND GOVERNMENT - contact information for Town Council members, meeting dates and times as well as the Governance Policy.

AGENDAS AND MINUTES - Agendas and Minutes from the Town Council Meetings, Planning and Zoning Commission Meetings, Board of Adjustments and the Keep Shady Shores Beautiful Committee can be found here.

CODE OF ORDINANCES - Search the Shady Shores Code of Ordinances online.

ELECTION INFORMATION - Current election information