City council considering property tax hike - KCBD NewsChannel 11 Lubbock

City council considering property tax hike

LUBBOCK, TX (KCBD) -

Despite efforts to keep it from happening, Lubbock Mayor Glen Robertson says it looks like property taxes will be going up.

City council members have been discussing ways to lower taxes. One option is to cut some funding from Market Lubbock, Inc.

The budget discussion is far from over, but the council is on a deadline. They need to set a budget for the fiscal year beginning Oct. 1.

Right now, the council is considering raising the city's property tax rate by up to 1.23 cents.

That would increase the cost on a $100,000 home by about $12 a year.

On Thursday night, city leaders examined the budget for Market Lubbock, whose funding helps support the Lubbock Economic Development Alliance and Visit Lubbock.

The agency works to promote Lubbock and create jobs.

Mayor Glen Robertson suggested cutting Market Lubbock's funding by half a cent.

He says that would still provide them with the money they need to operate, but it would also lower the proposed tax rate increase, reducing the burden on taxpayers.

But the mayor says it looks like the council will be approving an increase of some kind, unless they can find other savings.

If you would like to voice an opinion about the city's tax rate, the first public hearing is scheduled for Thursday at 6:30 p.m. at city hall.

Copyright 2013 KCBD. All rights reserved.

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