City officials estimate the city will have nearly one million dollars extra in the bank during the next budget year. The Lubbock Central Appraisal district has certified its property values for the upcoming budget cycle. Estimates show these values will net $900,000 dollars more than originally was budgeted.
NewsChannel 11 caught up with Council Member, Paul Beane, to ask him how he thinks the surplus should be spent.
"Well, I think we should let the taxpayers decide that question. I think the money should be refunded in the form of a tax cut. A further tax cut to the citizens of Lubbock."
Beane says with the extra money the city might be able to lower the tax rate.
|2008 Tax Guide|