Page 63 - Honorable Mayor and Members of the City Council
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To place a minimum of 70% of all future sales tax revenue increases in a separate fund for major, pay-as-you-go
projects.
To set aside 100% of all proceeds derived from gas and oil land lease including lease bonus and royalties in a
separate fund for major, pay-as-you-go projects.
To require a super majority of City Council for use of sales tax fund and gas and oil lease royalties fund revenues.
To maximize grant funding.
To maintain a cash reserves policy of at least 3 months operating expenses.
To keep total annual debt service payments below 20% of the City budget.
To continue “pay-as-you-go” when possible.
To regularly update the City's long-range financial plan.
To maintain a high quality bond rating.
To hold the line on the current property tax rate and reduce future tax rates as prudent and possible.
CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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