City of Waco Budget Ok’d
A 2015-16 budget that holds the tax rate steady and steps up work on streets and utilities passed Waco City Council on Tuesday with no opposition.
The budget includes $5 million for street improvements — nearly triple the street budget of recent years — and pays for a high-tech pavement inventory system.
It also calls for a $71.5 million bond issue in January for water and sewer infrastructure, including new cross-city water mains and sewer transfer stations. To support the bond issue, the typical combined water and sewer rate would increase by $4.66 a month, for a customer using 8,000 gallons of water a month.
Mayor Malcolm Duncan Jr. called the increases “modest” and said they will help the city turn around its aging infrastructure.
“It’s a luxury that we can do it with no more burden than that,” he said in an interview. “I think this will be a transformative year for management and council to address these priorities.”