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TexasTowelie

(111,279 posts)
Wed Sep 9, 2020, 05:02 AM Sep 2020

Edinburg weighs cutting contribution to med school

City leaders here are looking at ways to tighten a proposed $127 million budget for the upcoming fiscal year, and at least one councilmember proposed axing its $1 million contribution to the school of medicine. Whether that happens or not remains to be seen.

Edinburg councilmen proposed to keep the same tax rate of 68 cents per $100 valuation during a city meeting last week, but not before discussing ways to possibly trim the budget and offer taxpayers some much-needed relief via a tax cut.

Edinburg City Manager Ron Garza reminded the council they already essentially extended a 1-cent tax rate reduction to homeowners through what the city calls the COVID-19 Homestead Exemption.

In July, councilmembers agreed to essentially lower property tax valuations by $5,000 for homesteads in Edinburg. As a result, the city will not collect about $500,000 in property tax revenue, which is about 1 cent of the tax rate.

Read more: https://www.themonitor.com/2020/09/08/edinburg-weighs-cutting-contribution-med-school/
(McAllen Monitor)

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