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
|Tom Newell||Mayor Pro-Temfirstname.lastname@example.org||940-498-0044|
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
|Total tax rate|
(per $100 of Value)
|Average Homestead Taxable Value||$327,158||$347,410||6% increase|
|Tax on Average Homestead||$1,053||$1,119||6% increase|
|Total tax levy on all properties||$1,071,969||$1,110,784||4% 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 email@example.com to sign up or make your comments.
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
- Proposed Fiscal Year 2020-2021 Annual Budget
- Power Point Fiscal year 2020-21 Proposed Budget
- Adopted Fiscal Year 2018-2019 Annual Budget
- * Previous Year's are available upon request
ANNUAL FINANCIAL AUDIT
View the Town of Shady Shores annual financial audit for 2019-2020 Fiscal Year
CHANGE IN BUDGET
|GENERAL FUND||$2,068,894||1,850,869||$ 218, 025||12%|
HISTORICAL TAXABLE VALUE
Taxable Value % Increase
Average Home Value
Maint & Operations Rate
Average Property Tax
HISTORICAL PROPERTY TAX RATE
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.
BOND ELECTION PLEDGE: The Town of Shady Shores currently has no debt and has no proposed bond packages at this time.
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