City Council considers budget priorities, effective tax rate for - KCBD NewsChannel 11 Lubbock

City Council considers budget priorities, effective tax rate for new year

City council meeting 9/1 (Source: L. Scott Mann, KCBD) City council meeting 9/1 (Source: L. Scott Mann, KCBD)

Lubbock City Council is keeping property tax rates the same for the new budget year, but that rate is expected to bring in more revenue, thanks to increases in the value of appraised property.

The State of Texas considers this an increase of 3.88 percent in the effective tax rate, but Mayor Dan Pope disagrees.

"I believe we have held the tax rate flat," Pope said. "I reject this whole concept of the effective tax rate."

Under Thursday's budget proposal, the property tax rate would remain at 0.53802. Water rates would stay the same, with an increase in wastewater rates, and a five percent increase in electric rates.

There would be increased cash funding for street maintenance, an item that has been fully funded by borrowing in the past. Councilwoman Karen Gibson said that more than fifty percent of the street maintenance funding in this budget is from cash.

"We're doing the best we can," Council member Latrelle Joy said.

Three speakers, including Todd Key, asked council to lower the property tax rate to keep tax revenue the same as last year.

The council said it will continue to oppose further financing by certificates of obligation in the future.

In other business, the council approved an agreement allowing Texas Tech University to be used as a practice facility for Tech athletics.

Councilman Griffith, who explained the issue to the council, said that the agreement would not conflict with the operations of the ABC Rodeo that is held annually at the coliseum.

Councilman Massengale believes the coliseum has outlived its usefulness, but a vote is required for the city to abandon the property.

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