By CHRIS AGEE | cagee@mineralwellsindex.com
City officials Tuesday conducted the second and final public hearing concerning the proposed tax rate for the 2012-13 fiscal year.
No one from the community spoke during the hearing and council members are expected to vote on an ordinance adopting the budget and approve a tax levy ordinance during council’s Sept. 18 meeting.
The public hearings were required because the proposed tax rate of 49.061 cents per $100 in taxable property is 0.072 cents higher than the effective rate.
According to City Manager Lance Howerton, the proposed rate will raise $44,018 more than the previous year, including $7,553 from new property added to the tax roll this year.
He said the additional funds will be used for city maintenance projects and operational expenses.
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