By Richard Zowie —
For the third year in a row, the Fredericksburg City Council has voted to lower its property tax rate.
At their regular meeting Sept. 8, the council voted 5-0 to lower the rate from $0.02482 to $0.02313 per $100 valuation, due to new growth and appraisals resulting in higher property values.
The council also approved the 2015-2016 budget and received updates on the Convention and Visitor’s Bureau and a proposed ordinance on entry corridors.
The council approved 5-0 the budget for the upcoming fiscal year, which begins Oct. 1 and will end Sept. 30, 2016.
The budget includes revenues of $43,273,250 and expenditures of $42,674,000.
In this year’s budget, the three fee increases include a three-percent raise in electric rates and eliminating 1,000 gallons of water consumption used for minimum monthly sewer charges.