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Tyler Reporter

Thursday, November 21, 2024

City of Tyler cuts annual spending by 3% in upcoming budget

Ward

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The Tyler City Council unanimously adopted the city's fiscal year 2021 budget proposal with a 3% decrease in spending from the previous year.

“In my two decades of leading municipal governments, this has been the most difficult year that I’ve seen for budget administration and development,” City Manager Edward Broussard said. “We will absorb these shortfalls and continue to provide key services, as local governments will not receive State and Federal bailouts for our revenue losses on sales tax, hotel occupancy tax, and other revenue streams.”

According to a press release, the City of Tyler will spend $27.5 million on capital projects paid for in cash by the half-cent sales tax fund, which has been vital to building new roads and facilities and rebuilding city streets.

“We are able to keep our tax rate low because we decided years ago to eliminate our bond debt and pay cash for capital projects, using a dedicated half-cent from sales tax generated within our community,” Mayor Martin Heines said.

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