Lubbock city staff ready to propose 'no-new-revenue' tax rate - FOX34 Lubbock

Lubbock city staff ready to propose 'no-new-revenue' tax rate

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LUBBOCK, Texas -

Despite taking a fiscal beating throughout the pandemic, the City of Lubbock does not plan to increase the average citizen's property taxes for next year.

"Again, we're delivering services while balancing the impacts of the pandemic," City Manager Jarrett Atkinson said.

In the first proposed budget for next fiscal year, city staff appeared ready to propose a "no-new-revenue" tax rate. This means, taking increased appraised value into consideration, the average taxpayer will not pay any more in property taxes to the city next year. The city will rely on adding new development value to bring in more revenue. This would set a rate of 54.2 cents per $100 valuation.

"That average home, even with its appraisal growth, will pay the same in city taxes," Atkinson said.

That could have been lower, but the city's original revenue estimates were off. That cost half a billion dollars in taxable value staffers expected.

"It meant a full penny on what we could've cut that tax rate. That's a big swing," Atkinson said.

Atkinson wants the city to cover any increases in health care premiums, so city employees do not have to pay more out of pocket. The budget proposal includes a small increase for the police department. Mayor Dan Pope said the council has no appetite for "defunding the police."

"I think we expect law enforcement to change with the times and to find ways to do things better. We also realize that we have delegated a lot of things to them that we used to not do," Pope said.

The city's budget is due by the end of September.

RELATED: What's different this year and what to watch for as local governments prepare budgets, set property tax rate

Starting Aug. 7 will allow you to compare what you will pay in property taxes this year compared to last year. 

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