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Notice of Adopted Budget with Higher Tax Rate

Start Date: September 12, 2013, 4:51 PM
End Date: July 12, 2014, 12:00 AM

THE CITY OF LUBBOCK ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.65 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.29.

(Based on the comparison of the Maintenance and Operations Tax Rate which is the total of General Fund rate and Economic Development rate, and the Effective Maintenance and Operations Tax Rate adjusted for Sales Tax)