County to hold hearings on proposed tax rate
By Roxanne McKnight
Limestone County residents will have the opportunity to express their opinion on the proposed tax rate increase at two hearings – Monday, Sept. 9, and Thursday, Sept. 12, both at 10 a.m. in the county courtroom of the Courthouse, in Groesbeck.
The court has proposed raising the tax rate from last year’s $0.5535 percent per $100 valuation to $0.6220 percent to fund its proposed budget for fiscal year 2013-14, which begins Oct. 1 and includes a 3 percent across-the board salary increase for county workers, the first in three years.
The reason given for the tax increase is mainly the decrease in revenues generated by a drop in valuation of the NRG Energy power plant and also the decrease in mineral and other industrial and utility property values.
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