Lubbock council approves tax increase

Lubbock council approves tax increase

Posted: Updated:
LUBBOCK, Texas -

Lubbock City Council plans to raise the property tax rate by one cent for the upcoming fiscal year.

Even if the rate remained the same, it would be above the effective rate. An average five-percent increase in property value appraisals means you will pay more and the city will have more money if the property tax rate stayed at 53.802 cents per $100 valuation.

The additional money generated by the rate increase will go to public safety improvements. This includes constructing three police substations, a new police headquarters and other facilities. 

"We've worked on this for several months, the public seems to be very supportive of the Public Safety Facilities project," Councilman Steve Massengale said. "This really takes care of a problem that's over a generation old, about trying to find a solution for a building that our police can operate efficiently out of."

City Manager Jarrett Atkinson says if the tax rate increase was rejected, the city would need to cut about $2.8 million from its budget to fund the construction projects.

Other council members have previously stated this budget focuses on the future, by paying down more debt each year and paying for projects as they are built. 

Powered by Frankly
All content © Copyright 2000 - 2019 RAMAR. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.