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~-'!: , ,1 i.o: 273 ADJOURNED REGULAR MEETIt-G HEW ON /lARCH 24. 1959 On the 24th day of March, 1959, at 2100 P.M., the Governing Body of the City of San Marcos met in adjourned regular session, Mayor Pro Tempore S. R. Beecroft presiding: I Present werel Aldermenl ~. R. Beecroft W. M. Pavis B. D. Hillburn Herman Korff City Manager B. R. Fuller Deputy City Secretary Joann S. Hayes Guestsl Mrs. Manske, AAUN Absent werel Mayor C. M. Allen Alderman H. W. Steakley The meeting was called to order by Mayor Pro Tempore Beecroft. Copies of the 1959-60 Budget were distributed to those present by City Manager Fuller. City Manager Fuller pointed out and explained several features of the proposed Budget. Graphs showing a comparison of the budgeted with the actual revenue in both the General Fund and the Utility Fund were pointed out, as well as graphs showing a comparison of the budgeted with the actual expenditures in both funds. The estimated revenue and recommended expenditures for the fiscal year 1959-60 were carefully examined and studied by the Council. It was noted that the percentage of tax collections was up from the previous years, but that they were not as high as is expected in some muni- cipalities. Means for improving the percentage of collections were discussed briefly by the Council. I City Manager Fuller called the Councilts attention to several exhibits included in the Budget. One showed graphically the amount of debt incurred, the debt retired and the debt outstanding for 1952 through 1958, as well as a projection of anticipated debt to be retired through 1964. A second graph showed the property valuation, the adjusted tax rate, and the tax supported debt of San Marcos as compared wlh eleven other Texas cities of comparable size. This graph revealed that San Marcos is supporting a debt considerably larger than other comparable cities while having a considerably lower assessed property valuation and an only slightly higher tax rate. A third exhibit graphically showed the growth of San Marcos as demonstrated by the increasing number of utility connections in the past two years. The Budget was ordered filed with the Clerk and the public hearing was set for 2100 P.M. on April 8, 1959. There being no further business, on motion made and seconded, the Council adjourned to reconvene at 8100,A.M., Wednesday, April 8, 1959. s.~~~I/ ~fi?' J'(, nn Hayes, ,-, I ". / '7 J I /1/ '. / , . / / ,,1,/ tJ~'t---;J W. M. Dav's, Alderman ~\ (/ .' .~ L-~~, ~;Ld--.-'-- ~H: lburn, Alderman Deputy Ccty Secretary I ATTEST,