Market Lubbock, Inc. is changing its name. It's just one of the changes being made in wake of the 2003 Sales Tax Election.
You'll recall back in November, voters approved a 3/8 of a cent sales tax increase. 1/8th of that increase was promised to economic development or Market Lubbock, Inc.
Friday, Mayor Marc McDougal spoke with the League of Women Voters and explained how the sales tax increase will change the organization of Market Lubbock, Inc.:
"Market Lubbock currently gets three pennies on the tax rate which is about $2.2 million a year. Under the 4A corporation that amount not only gets the three pennies which is $2.2 million, but will receive some of the sales tax which will be roughly $3.3 million so more than double than market Lubbock receives,"said Mayor McDougal.
The mayor says the changes will restrict how the organization can use its money.
North Korean leader Kim Jong Un called President Donald Trump a what? A mentally deranged 'dotard,' which is a translation of a derogatory Korean word for an elderly person.
Survivors are still being pulled from rubble in Mexico City as rescue operations stretch into a fourth day, spurring hope among desperate relatives gathered at the sites of buildings collapsed by a magnitude 7.1 earthquake.
They eye of Hurricane Maria is nearing the Turks and Caicos early Friday as Puerto Rico tries to recover from the storm's devastation.
President Donald Trump says the U.S. will impose additional sanctions on North Korea over the communist country's nuclear weapons buildup.
SEC says a cyber breach of a filing system it uses may have provided the basis for some illegal trading in 2016.