Lubbock Council approves one-cent increase to tax rate - FOX34 Lubbock

Lubbock Council approves one-cent increase to tax rate

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LUBBOCK, Texas -

The Lubbock City Council gave preliminary approval Thursday to the new tax rate.

It's a one-cent increase to last year's rate will mostly go to fund the city's public safety initiative.

The $60 million project includes constructing three police substations, a new police headquarters and other facilities.

City Manager Jarrett Atkinson said if the tax increase had been rejected, the city would need to cut about $2.8 million from its budget to fund the construction projects. Even if the tax rate was kept the same as last year, you'd likely pay more. Lubbock property appraisals have, on average, increased around five percent.

Mayor Dan Pope says approving this tax rate is a fiscally responsible move.

"It was about 14 years ago, as I recall, that this same Lubbock City Council slashed tax rates," Pope said. "And there's a lot of chest beating around that, and maybe it was all good. What started to happen is that we paid a lower tax rate but we started funding a lot of things with debt. We started swiping the credit card. We were financing desktop computers. That evades any kind of finance mindset."

The final reading and anticipated approval will be at the September 13 council meeting.

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