Lufkin Could Face Tax Increase - KTRE.com | Lufkin and Nacogdoches, Texas

8/20/03-Lufkin

Lufkin Could Face Tax Increase

By Scott Cooper

 It took a combination of tough choices and budget cuts to reach a proposed tax rate for the city of Lufkin.  It's now time for the city to take its proposal before local residents.  A public hearing at city hall is scheduled for September second. City commissioners approved the proposed two cent increase to help fund the final phase of a bond election that voters approved two years ago to improve four Lufkin streets.  To reach that figure, each department had to cut its budget by five percent.  The two-cent increase in the city's tax rate means you will be paying two cents more for every 100-dollars valuation of your home.  For example, the owner of a 100-thousand dollar home will pay 20 dollars more in city taxes next year than this year.  The final approval of the budget is expected to come on september 16th.

Powered by Frankly