LISA Accepts Tax Rate and Budget - | Lufkin and Nacogdoches, Texas

08/30/06 - Lufkin

LISA Accepts Tax Rate and Budget

by Jessica Cervantez

Lufkin school officials have approved a budget and a tax rate. This is good news for taxpayers who will find themselves paying less in property taxes. 

They approved a tax rate of $1.44 per hundred dollars of property value. This is almost a $0.13decrease from last year's property tax of $1.57.  School districts are able to lower the tax rate this year because of extra federal funds the state gave schools all over Texas. Teachers are also receiving a pay raise.

School officials also adopted a budget for 2006 to 2007 of nearly $68-million.
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