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Kyle, Texas
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September 13, 2017     Hays Free Press
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September 13, 2017
 

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+ HaysFreePress.com September 13, 2017 • Page 1D rise in BY SAMANTHA SMITH AND TIMOTHY 911JCKEY Slight decreases in the ad valorem tax rate are what Buda and Kyle city leaders approved when adopting the Fiscal Year 2018 budgets earlier this month. In Buda, the property tax rate will go down by 31 thou- sandths of a cent. With the average home value increasing by roughly $13,000 in 2017, the proposed new rate is expected to bring in an additional $5.7 million revenue. While the property tax rate will decrease, the city has plans to increase the water rate by six percent and increase the waste- water rate by three percent. Afterward, Buda officials will consider increasing the water and wastewater rates by an additional five percent in fiscal years 2019 and 2020. The city could increase water rates by five percent in FY 2021 and 2022, while wastewater rates could increase by 10 per- cent and 2 percent, respectively, in those two years. With rapid growth happening in the city, Buda aims to create 13 full-time and one part-time position us- ing the general, wastewater and economic development funds. Buda's FY 18 budget is expected to be roughly $92 million. A total of $29,000 will be allocated to several area non- profit organizations, including CASA of Central Texas, the Hays Caldwell Women's Center and the Onion Creek Senior Citi- zens. Buda has set aside $400,000 to add a splash pad with rest- rooms and a pavilion at Sum- mer Pointe Park. Meanwhile in Kyle, roughly $36.8 million of the city's $75,5 million budget will go toward capital improvement project (CIP) spending in FY 2018. City leaders also brought down the city's property tax rate to .5416, which is a decrease of three hundreths of a cent. The city had, however, a 12.8 percent increase in property tax valuations in 2017. Kyle has $15 million ear- marked for expansion of the city's wastewater treatment plant. The funds, which will come as a 2019 contractual obligation (CO) bond with a 30-year note, could call for a 15 KYLE AND BUDA BUDGET 411 Total budget: $92,286,396 Tax rate: 0.3673 per $100 property valuation (0.3704 in 2016) Total budget: $75,542,631 Tax rate: 0.5416 per $100 valuation (0.5746 in 2016) to 20 percent wastewater rate increase. According to estimates, Kyle residents could see a $5.50 to $7.00 monthly increase in wastewater rates in 2019. BY I lllrlt mut- '. 29 r Council unanimously voted to restrict net- work nodes from certain public area right-of-ways, such as the Historic arid Design districts in the city, John Nett, Buda city engineer, said network nodes look fike a small ~o box, or node, affixed to a pole or ther existing structure, such as a light pole or a building. The node works much like a city's automated meter reading and allows cen phone mpanies to communicate with ch other. The ordinance was in direct re- sponse to Senate Bill 1004, authored by State Sen. Keliy Hancock (R-Dal- las) during the regular legislative ses- sion, Texas Gov. Greg Abbott signed SB 1004 in June; the lfiw officially weBnt into effect Sept. I. uda Mayor Todd Ruge said the law allows cellular companies to in- stall these network nodes along new or existing city infrastructure, ~ard- less of whether a city has passed an ordinance governing them. Buda's ordinance gives the city more control over certain areas. The ordinance wu passed two days be- fore the lawwe~t into effect, allowing "(SB 1004) would have been better as localized bills for outlying areas, instead of a blanket" approach which causes aesthetic pollution in well connected urban areas." -Todd Ruge, Buda mayor they wanted without regard to histor- ic or residential districts, Ruge said. He added that many cities in Texas are already suing the state, claiming the new law is unconstitutional by allowing private, for-profit entities to make money off of public land. Ruge said he understands why the law is needed, claiming that rural areas with limited network connec- tions present an issue to cell users connectivity. However, Ruge said it's an unneeded measure in urban Buda. "It (SB 1004) would have been better as localized bills for outlying areas, instead of a blanket approach which causes aesthetic pollution in. it to be grandfathered in. wen connected urban areas," Ruge "They can't put them on decorative said. light poles," Ruge said. "They have to Ruge said the city of Kyle passed its pass engine~dr~g standards, but if, they ordinance restricting cellular com- do, then we ha~ to let them do it.' panies; using the new lfiw to spread Buda City Engineer lohn'Nett said network nodes to all comers of the the law was designed to promote the map a week before Buda did. mllout of 5G-cell phone service. It Many cities are fighting the new would allow cellular users to access law and subsequent city ordinances their home thermostat or sprinkler because it Is costing thfim money in levices via attomeyhours to compose ordi- nance wording, Ruge said. Budamsidents could start seeing companies installing the. network nodes bythe end of September. Financial Focus contributed by Jon Albright, CFF" September is Life Insurance Awareness Month. And "awareness" is an appropriate designation, because many people remain unaware of the many ways in which life insurance can help families meet their key financial goals. Here are three of the biggest of these objectives, as seen through the eyes of a hypothetical couple, lim and loan: PAY OFF MORTGAGE lim and Joan have a 30-year mortgage. If one of them dies well before that mortgage is paid off, could the other one afford to keep making payments to remain in the house with the children? It might be quite difficult - many families absolutely need two incomes to pay a mortgage, along with all the other costs of living, At the very least, the death of either Jim or loan would likely put an enormous financial strain on the surviving spouse. But with the proceeds of a life insurance poliey, the survivor could continue making the house payments - or possibly even pay the mortgage off completely, depending on the size of the policy and other financial considerations. EDUCATE CHILDREN Higher education is important to Jim and Joan, and they'd like to see both of their y.oung children eventually go to college. Of course, college is expensive: For the 2016-17 school year, the average cost (tuition, fees, room and boardl was about $20,000 for in-state students at public universities and more than $45,000 for private schools, according to the College Board. And these costs are likely to continue climbing. Jim and loan have started putting money away in a tax-advantaged 529 savings plan, but if something were to happen to one of them, the surviving spouse might be hard pressed to continue these savings at the same level - or at any level. But the proceeds of a life insurance death benefit could be enough to fund some, or perhaps all, of the college costs for Jim and loan's children. FINANCIAL FOCUS, 4D OIL, 6AS, & MINERAL RIGHTS Both non-producing and producing including Non-Participating Royalty Interest (NPRI) Provide us your desired price for an offer evaluation. CALL TODAY: 806.620.1422 LOBO MINERALS, U.C P0 Box 1800. Lubbock, TX 79408-1800 LoboMineralsLLC@gmail.com FARMERS' Debbie Thames Insurance Agency AUTO • HOME • LIFE • BOAT • HEALTH 251 N. FM 1626 #2C • Buda, TX 78610 Office: (512) 312-1917 • Fax: 312-0688 Email: dvthames @ aus fin.rr.com Monday-Friday, 9am-5pm Your Business & Referrals Are Appreciated EXPERIENCE COUNTS Lawyers with more than l OO yean combined exFrtise. 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