Notice of Public Hearing - 2023 Annual Budget

NOTICE OF PUBLIC HEARING ON 2023 ANNUAL BUDGET

The City of Magnolia will hold a Public Hearing on the proposed Operating Budget for the fiscal year that begins on October 1, 2022 and ends on September 30, 2023. The hearing will be held at 7:00 p.m. in the City Council Chambers, 18111 Buddy Riley Blvd., Magnolia, Texas, on August 23, 2022. All interested parties are invited to attend.

This budget will raise more revenue from property taxes than last year’s budget by an amount of $699,210 which is a 57.15 percent increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $147,215.

A copy of the proposed budget is on file with the City Secretary for public review and inspection. The City Secretary’s office is located at City Hall and is open from 8:00 a.m. – 12:30 p.m. and 1:30 p.m. – 5:00 p.m. Monday through Friday and is also accessible at www.cityofmagnolia.com on the Home page.