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Lone Oak council proposes $0.290223 tax rate, sets Sept. 10 public hearing
Summary
Councilmember Owen moved to set the proposed tax rate at $0.290223 for fiscal year 2024–25 and scheduled a public hearing for Sept. 10, 2024 at 6:30 p.m.; both motions passed 5-0.
The Lone Oak City Council voted to set a proposed ad valorem tax rate of $0.290223 for the 2024–25 fiscal year and scheduled a public hearing on the rate for Sept. 10, 2024 at 6:30 p.m. Councilmember Owen made the motion to set the proposed rate with Councilmember Barrow seconding; the motion passed 5-0.
Council then voted to set the public hearing date and time by separate motion, again passing 5-0. No additional budget details or calculations were included in the minutes; the motions recorded the numerical proposed rate and the hearing date so residents may comment before final adoption.
