September 09, 2019
Public hearings on the agenda include the annual update to Belton's Strategic Plan and the proposed 2020 tax rate and budget. The proposed tax rate is 65.98 cents -- the same rate of the previous seven years.
The Council is also set to consider a resolution that would call for a future public hearing on the possible issuance of General Obligation Refunding Bonds. The bonds would be used to refund 2013 bonds, which helped fund the Sparta/Commerce Roundabout, Public Safety Building expansion, purshase of a fire engine, enhancements at several parks and expansion of Wheat Road.
Refunding the 2013 bonds to bonds with a lower interest rate would save the City an estimated $240,000.