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The original item was published from 9/6/2012 7:50:39 PM to 10/16/2012 12:05:00 AM.

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Finance

Posted on: September 6, 2012

[ARCHIVED] FY 2012-2013 Budget &Tax Rate Adopted

In a meeting held Thursday, September 6th, the Jacksboro City Council met to vote on an ordinance adopting the budget for FY 2012-2013 and to approve a tax levy ordinance. This vote comes after the city held two public hearings on the tax levy and a public hearing on the proposed budget. The approval of the levy ordinance will increase the property tax rate for property owners in Jacksboro to $1.18 per $100 valuation, which is an 11.02 percent increase over the current rate of $1.012 per $100 valuation. The additional revenue received from this increase will be used for city maintenance projects and the acquisition of machinery and equipment. For additional details please call (940) 567-6321.

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