CHANDLER — A public hearing is scheduled for tonight at City Hall on Chandler’s proposed $2.05 million budget for the fiscal year that begins on Oct. 1.

The general budget for this fiscal year is $1.86 million. City administrator Jim Moffeit said the increase comes from financing the purchase of 29 acres of proposed park land from Stanley McCurley.

The proposed water budget is $1.3 million.

“We’re basically balanced at the rollback rate, which is .43,” Moffeit said. “The rate last year was .39. Our sales tax, we think, will hold close to steady.”

“The average taxable value of a residence homestead in Chandler this year is $127,100,” city documents say.

“If the governing body adopts the effective tax rate for this year of $.392505 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $498.87.”

Moffeit said more than $3 million in new property was added to tax rolls last year.

Over $1.7 million was added this year.

“That hurt us a little bit,” he said.

“The average taxable value of a residence homestead in Chandler last year was $129,620,” according to city documents. “Based on last year’s tax rate of $.398995 per $100 of taxable value, the amount of taxes imposed last year on the average home was $517.18.”

The proposed tax rate of $.432741 per $100 of taxable value would raise taxes on the average home to $550.01.”

Tonight’s hearing is set for 6 p.m.

View budget documents and other city information at chandlertx.com.