A quorum of Midlothian City Council members met for the second public hearing on the proposed tax rate increase with no citizens in attendance.
The council, minus Councilmen T.J. Henley and Ted Miller, received a brief update from City Manager Don Hastings showing that the reserve fund balance will decrease to 177 days of operational costs for the city, well in range of the ideal 180 days.
The council previously directed staff to pull $376,775 from reserve funds to make up the remaining cost of the Walnut Grove rehabilitation and right-of-way acquisition for the future 14th Street extension's southern leg. The majority of the cost for these projects is funded by the rollback tax revenue ($173,225) plus $350,000 from road impact fees for 14th Street.
Mayor Bill Houston opened the public hearing and asked for any comment from the public. As there were no residents to speak on the matter, Councilman Wayne Sibley motioned to close the public hearing with a second from Mayor Pro Tem Joe Frizzell. Then the council adjourned.
The council will vote to adopt the rollback tax rate and 2013-2014 budget at its next meeting at 6 p.m. Sept. 10 at city hall.