GRANITE SHOALS — During a special meeting Sept. 18, the Granite Shoals City Council passed an ad-valorem property tax rate for the 2018-19 fiscal year.
The new tax rate is 59.6 cents per $100 valuation, up from 56.313 cents for the 2017-18 fiscal year.
The tax rate won’t mark an increase for the maintenance and operations portion, but the interest and sinking, or debt service, portion of the rate will increase to 24.7 cents, up from the 21.485 cents.
It’s an overall increase of 3.287 cents.
City officials had said the increase on the interest and sinking portion of the rate is a result of voters reconfirming the $3 million road bond to address Prairie View, Valley View, and Phillips Ranch Road.
“It would seem to me that would be the case,” City Manager Jeffery Looney said.
News stories, staff photos, and other online content are copyrighted property of Victory Media. Reproduction in part or in whole is prohibited without the express written consent of the publisher.
1 thought on “Granite Shoals City Council passes property tax rate”
Yep once again. Just wait until the citizens get the tax and water bills for the badly needed $9.2 million estimated by the Asst City Manager, as necessary for the water system which was known and ignored before the road bonds were pushed and passed. I wonder what would have happened if the general population had known about the water system situation and funding needs before the road bonds came up?
Comments are closed.
DailyTrib.com moderates all comments. Comments with profanity, violent or discriminatory language, defamatory statements, or threats will not be allowed. The opinions and views expressed here are those of the person commenting and do not necessarily reflect the official position of DailyTrib.com or Victory Media Marketing.
CONTENT SUBMISSION AND LICENSE AGREEMENT
This Content Submission and License Agreement (“Agreement”) is entered into by and between Victory Media Marketing LLC (“Company,” “we,” or “us”) and you (“User,” “you,” or “Submitter”) upon your submission of content through our websites’ See it, Share It form.
Submitted Content “Submitted Content” means any news tips, text, descriptions, images, photographs, videos, audio files, recordings, or other materials you upload, submit, or provide to us via the news tips forms on DailyTrib.com, KBEYfm.com, 101highlandlakes.com, or any other websites owned or operated by Victory Media Marketing LLC.
License Grant By submitting any Submitted Content, you hereby grant to Company a worldwide, non- exclusive, perpetual, irrevocable, royalty-free, fully sublicensable, and transferable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform, display, and otherwise exploit the Submitted Content in any form or medium (now known or hereafter developed), including but not limited to:
Publishing on DailyTrib.com, KBEYfm.com, 101highlandlakes.com, other Company websites, apps, newsletters, and social media platforms (such as Facebook, Instagram, X, YouTube, etc.).
Editing, formatting, or combining with other content for news, promotional, archival, or commercial purposes.
Allowing third parties (e.g., affiliates, syndication partners) to use it under the same terms. You retain ownership of the copyright in your Submitted Content, subject to the license granted above.
User Representations and Warranties You represent and warrant that:
You are at least 18 years old and have the full right and authority to grant the rights in this Agreement.
The Submitted Content is your original work or you have obtained all necessary permissions, consents, and releases (including from any individuals appearing in photos/videos or owners of any third-party materials).
The Submitted Content does not infringe any third-party intellectual property rights, privacy rights, publicity rights, or defame any person.
It complies with all applicable laws and does not contain viruses, malware, or prohibited content.
You will not submit false, misleading, or confidential information.
No Compensation You understand and agree that you will receive no compensation for the submission or use of your Submitted Content.
Indemnification You agree to indemnify, defend, and hold harmless Company, its affiliates, officers, directors, employees, and agents from any claims, damages, liabilities, losses, and expenses (including reasonable attorneys’ fees) arising from your breach of this Agreement or any third-party claims related to your Submitted Content.
Moral Rights and Publicity You waive any moral rights or rights of attribution in the Submitted Content to the extent permitted by law. Company may use your name, username, or likeness in connection with the Submitted Content if applicable.
Termination and Removal Company may, in its sole discretion, edit, refuse to post, or remove any Submitted Content at any time without notice. This Agreement survives any termination.
Governing Law This Agreement is governed by the laws of the State of Texas, without regard to conflict of laws principles. Any disputes shall be resolved exclusively in the courts located in Burnet County, Texas.
Entire Agreement This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements. Modifications must be in writing. By submitting content, you acknowledge that you have read, understood, and agree to be bound by this Agreement.
GRANITE SHOALS — During a special meeting Sept. 18, the Granite Shoals City Council passed an ad-valorem property tax rate for the 2018-19 fiscal year.
Yep once again. Just wait until the citizens get the tax and water bills for the badly needed $9.2 million estimated by the Asst City Manager, as necessary for the water system which was known and ignored before the road bonds were pushed and passed. I wonder what would have happened if the general population had known about the water system situation and funding needs before the road bonds came up?