BY LIZZY SPANGLER
What they’re saying
What else?
The city is moving forward with a multiyear CIP because of the tax and utility rate implications, Esquivel said. Tomball’s property tax rate for FY 2022-23 is $0.287248 per $100 valuation, according to the city’s website. For FY 2023-24, council proposed a property tax rate of $0.29332 per $100 valuation Sept. 18. Esquivel said by doing a capital improvement plan, the debt issuances are broken down over a period of time, subsequently spreading out the impact to the tax rate. In FY 2023-24, the city is proposing $28 million in certificates of obligation—a way to borrow money— to help pay for part of the $53 million in outlined capital projects, according to an Aug. 21 presentation to council.
“We are very conscious about [the tax rate]. We’re trying to manage that where it’s we’re all in this together,
“[The city is] building on a lot of the studies and the plans that have been
done over the past year to get us to a point of being able to implement it.” KELLY VIOLETTE,
that it’s not going to cost any one person any more than anyone else.”
EXECUTIVE DIRECTOR, TOMBALL ECONOMIC DEVELOPMENT CORP.
LORI KLEIN QUINN, TOMBALL MAYOR
“It’s a lot of money. But I think I’m getting my head around the fact that
“We cannot stop growth. ... But what we can do is try to manage
we’re spreading [capital improvements] out over ve years or more, which is helpful.”
the growth ... by determining which projects that we move forward with, what areas that we concentrate on.”
JOHN FORD, CITY COUNCIL MEMBER
MARK STOLL, CITY COUNCIL MEMBER
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