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Nueces County budget workshop would hold effective tax rate steady, cut rate by 2 cents while capturing new growth
Summary
County officials said the proposed budget adopts the effective tax rate, reducing the current rate by two cents and relying on roughly $1,000,000 in new growth revenue; the workshop raised records-management and courthouse-security concerns and proposed reallocations of a $25,000 windstorm line item.
Nueces County staff and commissioners reviewed a proposed budget that would adopt the county's effective tax rate and reduce the current tax rate by two cents, a change officials said would represent no tax increase for residents aside from revenue from new growth. "We would adopt the effective tax rate, which would Reduce the current tax rate by 2¢," Speaker 1 said during the workshop.
County staff told the court the proposed levy is essentially the same as last year and that the budget relies on new development to bring in additional revenue. "We are taking on about $1,000,000 additional, funds from new growth," Speaker 2 said, adding that new growth is not treated as a tax increase under Truth in Taxation laws.
Why it matters: adopting the effective tax rate preserves the county's current levy while allowing revenue from newly developed…
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