BROWNWOOD, TX - Brownwood residents could be paying $7 more a month in taxes. The city staff said this is the first time since 1999 that there's been a proposal for a tax increase.
This has been brought up due to the fact that the community is using less water, and sales tax has gone down. Since the drought, residents have learned to conserve water. The city is projecting a revenue reduction of $317,000 in water sales.
Shopping habits have also altered budget. More people are online shopping which has caused several national retailers to close market stores in the area. Sales tax revenues have funded 17% of the budget.
According to the Brownwood City website, "In order to create a balanced budget, the City can no longer depend as heavily on water sales and sales tax revenues. Our residents are conserving water and shopping has been revolutionized by technology. We have to fund the revenue gap another way."
For more information visit: http://www.brownwoodtexas.gov/493/3640/Budget
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