Big Spring Holding Public Hearing On Tax Rate Tomorrow
September 16th, 2013
Big Spring city council will hold a public hearing on the budget and tax rate tomorrow at city hall at 5:30 pm. The tax rate for next year’s budget is around 85 cents per 100 dollars of value. While it is lower than last year’s tax rate of 86 cents, it is an increase from this year’s effective rate. The effective rate this year is around 76 cents per 100 dollars of value, due in part to higher property values. The city council says they are setting the tax rate at 85 cents this year to pay for infrastructure projects and staff raises.