LUBBOCK, TX (KCBD) - Hub City residents, get ready. Your property taxes and city fees are going up. The Lubbock City Council made their final approval today for next year's budget.
The reason for the increases is the city's responsibility to finance existing debt because of projects like the Lake Alan Henry pipeline and infrastructure repairs. By the end of this year, Lubbock residents will see increased fees in four utilities.
Starting in October there will be a $2.00 monthly increase for your solid waste payment, also storm water fees will be increased by $3.00.
Starting in December, average citizens will see a $6 increase on their water bill, and a little more than $2 for waste water fees. For the majority of Hub City residents the total for these utilities will be at least an extra $13.00 a month. For Lubbock homeowners, your property taxes will soon increase as well.
"We did raise the tax rate $0.091 to pay for the bond programs that was approved by the voters this year," said Mayor Tom Martin.
To put that increase in perspective, if you have a $100,000 home you will pay nearly $10.00 more a year, but this doesn't include the increase in property appraisal rates this year.
However, if you do include both the new rate and the increased tax valuations, it's more like $23 dollars a year.
©2010 KCBD NewsChannel 11. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.