Despite a 700 thousand dollar revenue shortfall from the recent economic downturn, Mayor Bert Miller reported the future the City of Navasota looks good to him. Revenues are exceeding expectations, there’s still an adequate reserve and a plan to cover much-needed infrastructure repairs.
In his State of the City address, the mayor said the good economic news is thanks, in part, to local residents.
Despite that many cities across the state are seeing their sales tax numbers remain flat, or even decline from previous years, the City of Navasota has seen a 14% increase in sales tax revenue last year. He said he thinks that at least partly attributed to residents buying local, which is especially good news with the economic conditions as they have been.
The mayor also praised council’s self-imposed balanced budget legislation and the city’s pending 501-3c, that let allow citizens and business tax breaks from donations to projects like the West End’s new Grace Park.