LUBBOCK, Texas — During its latest meeting on Tuesday, the Lubbock City Council passed a proposal to adopt a maximum property tax rate for city developments.
City council approves LEDA’s request for a zone stage
The vote to implement the plan was unanimous, with a clean 7-0 vote from the members of city council.
According to the proposal, it will add additional revenues to Lubbock based on outlines in Section 25.06 (d) of the Tax Code of the State of Texas.
City council approves LEDA’s land request for 7.92 acres
There will be an additional public hearing to determine what the exact implemented tax rate will be, which is scheduled for September 1…