Proposed Lubbock budget increases tax rate one cent

Proposed Lubbock budget increases tax rate one cent

LUBBOCK, Texas -

City leaders call this the most crucial part of their job. This week is focused on the budget. Tuesday afternoon's city council budget workshop centered around fees, some rates are expected to go up, while others will go down, new fees will also be implemented. This week's proposals are intended to represent the city's growth. That includes its community policing project and all its infrastructure plans.

Lubbock mayor Dan Pope said city staffers have made it possible to raise the city's overall revenue, without hikes to takes and fees.

"This year we will earn $14 million in interest on those dollars, we are not accepting extra risks, its just a little different approach to it and so I think we have built a good team," said Mayor Pope. "We are trying to run this efficiently and we want to be accountable and we want to be transparent."

The challenges this budget faces is how to properly balance the city priorities this according to mayor Pope.

The proposed budget also includes a property tax rate increase of one cent. It is less than the city planned last year for this budget. That additional revenue will help build police substations and a new PD headquarter building.

Wednesday's highlight will be LP&L, the Lubbock Preston Smith International Airport, along with grant funding. The full budget has to be finished by October 1.

In addition to the proposed one-cent tax rate increase, property appraisals are also up, on average, more than five percent across Lubbock. These both mean you will likely be paying more to the city.

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