Downtown Montgomery

Downtown Montgomery

Wednesday, August 31, 2011

Council Approves 2011 Tax Rate and 2012 Budget

On August 30, 2011 Montgomery City Council approved the fiscal year 2012 budget and the 2011 ad valorem tax rate for the city.  The budget, which is found on the city's website reduces the city budget by $300,000.  The tax rates adopted are $0.1575 per $100 valuation for operations and maintenance and $0.2580 per $100 valuation for debt service for a combined ad valorem tax rate of $0.4155 down from $0.4199 in 2010.  Please see courier story at

http://www.yourhoustonnews.com/courier/news/montgomery-officials-to-vote-on-reduced-budget-and-tax-rate/article_19f8b483-2406-57d9-932a-19f0b8f4f8f1.html

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