Wylie Today

As we all feel the pinch from rising gas and food prices, we are about to be squeezed a little bit more. I’m sure most of you remember passing the bonds a few years ago to pay for road improvements, a new library, a recreation center, a new fire station, park improvements and a new city hall.

Well, now it’s time to pay up.

According to current fiscal year 2008-2009 budget proposal, city taxes are going to increase 16 cents. Wylie is already burdened with one of the highest city tax rates in Collin County at a rate of 73 cents per $100 home valuation. Next year that rate will be 89 cents. The rate is going to max out at 93 or 94 cents by the 2010-2011 fiscal year.

Also keep in mind that the WISD wants to increase taxes by 12 cents next year and will also be asking voters to pass a bond package that could approach 185 million dollars.

But don’t worry, according to the long range plan, the city tax rate will hit sub 80 cent rates again in 2015.

Buckle up and start saving.