For the first time, the Lubbock city budget jumped past half a billion dollars.
During Tuesday's Lubbock City Council meeting, City Manager Lee Ann Dumbauld proposed a flat sales tax revenue. Even without a tax rate increase, you will most likely pay more in taxes next year because of rising property values.
Here's how that could affect you: for an averaged priced home in Lubbock, which is about $105,000, owners would pay a little more than $480.00 in property taxes. That's roughly $22 more than last year - that's according to initial estimates by the Lubbock Central Appraisal District.
Meanwhile, the proposed budget also includes more money to cover higher fuel and energy costs and debt payments. There are rate increases for public transportation, water and sewer. Dumbauld also suggests the council approve $500 a year in raises for non-emergency employees and cut vacant city positions to save money.
Also on the council agenda, city leaders discussed a possible exception to the new street naming rules. Some council members want the street that runs through the Lubbock Business Park, near the Lubbock Preston Smith International Airport, to change from Yucca Lane to Lubbock Business Park Boulevard.
The Council made no final decision and tabled the issue until a later date.
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