The Fiscal Year for the City of Selma begins on November 1 and ends on October 31. The City Administrator is responsible for conducting the budget planning process, preparing budget forms, making revenue forecasts, and collecting all other types of financial information needed to compile the budget. After receiving budget requests from each department and compiling projected revenue figures, the City Administrator reviews the preliminary budget to ensure that revenues balance with expenditures. Once a preliminary budget is approved by City Staff and is briefed and conceptually approved by the Mayor, the preliminary budget is made open to the public on the City’s website and on-file with the City Secretary for inspection. This action must be made thirty (30) days prior to the date that the City Council makes its tax levy for the fiscal year. The proposed budget is voted on by the City Council at the regularly scheduled meeting in September.
City of Selma, Texas
The following statement is provided in accordance with State law:
This budget will raise more revenue from property taxes than last year’s budget by an amount of $199,417, which is a 9.8 percent increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $102,919.
Texas Local Government Code Section 102.008 (2) (B)
The City of Selma Fiscal Year 2017-2018 Annual Operating Budget was approved at the September 14, 2017 City Council Meeting and Public Hearing. By record vote described by Section 102.007 (d) (2) of the Texas Local Government Code, Mayor Pro Tem Ken Polasek voted Yes, Councilman Harry Greene voted Yes, Councilman Kevin Hadas voted Yes, Councilman Jim Parma voted Yes, and Councilman Ken Harris voted Yes.