Is this going to lead to a property tax rate increase?

No. The City of Brownwood FY 20/21 adopted budget is based upon the No-New-Revenue tax rate of $.7448 per $100 valuation. It is a reduction of 4.21¢ or 5.4% and is the lowest tax rate since 1996.

The City of Brownwood has proactively worked to bring this multipurpose event center project without growing the City’s budget. 

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1. How will this project be funded?
2. Is this going to lead to a property tax rate increase?
3. How is the City of Brownwood paying for this project?
4. What is the timeline for the completion of the Event Center?
5. Will the other City facilities still be available to rent once the new facility is complete?
6. Will there be adequate parking for a event space of this size in the area?
7. Will the new Event Center have breakout rooms to facilitate small to mid-size conferences?
8. Will the new Event Center include any outdoor event space?
9. Will there be areas usable for music or concerts in the new Event Center?
10. What is H.O.T. Funds?
11. Did the City consider new construction instead of redeveloping existing buildings?