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The woodlands township board12/6/2023 In addition to the annual budget, the Township has a comprehensive 5-year budget plan and a 30-year capital replacement plan for parks, pools, pathways, fire department and many other facilities and amenities. According to the state controller, local governments raise about $1 in sales tax revenue for every $7 in property tax revenue, which puts The Woodlands Township in a unique and favorable position. The Woodlands Township’s budget is funded 49% from sales and hotel taxes, 37% from property taxes, and 14% from other revenues. When applied to taxable property values of $21.7 billion, the proposed tax rate is projected to generate $48,672,680 in revenues to help fund the Township's 2022 consolidated budget of $132.3 million. The budget includes many services provided by The Woodlands Township including enhanced law enforcement services, highly-rated fire protection services, parks and recreation, covenant administration, waste collection and recycling, streetscape maintenance, transportation, capital reserve and more. The Board of Directors previously held meetings on July 23, 24 and 28 and August 16 to review and discuss the 2022 Consolidated Budget. A debt service rate of $0.0146 and maintenance and operations rate of $0.2085 comprise the total 2021 tax rate of $0.2231. The Board of Directors approved a 2021 property tax rate of $0.2231 per $100 of taxable value, which is the same rate as the 2020 tax rate. The Board received a presentation on the proposed 2021 Property Tax Rate and 2022 Budget, which can be found here, and held a public hearing to allow public feedback. THE WOODLANDS, TX - The Woodlands Township Board of Directors set its 2021 tax rate and approved its 2022 Budget in a public meeting held on Wednesday, August 25, 2021.
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