The Killeen City Council got a second look at street financing options â and a new tax rate â at the end of a workshop Tuesday.
In what turned out to be a lengthy presentation, Executive Director of Finance Jon Locke presented several scenarios that may be used for street maintenance and reconstruction.
Locke proposed a new property tax rate of 70.11 cents per $100 valuation â which is down from the 72.30-cent tax rate proposed in the fiscal year 2022 budget, and even lower than the current rate of 73.30.
According to Locke, increased tax valuations conducted by the county have allowed the city to lower the proposed tax rate. However, residents will pay the same amount of tax with the new rate of 70.11 cents as with the previous rate of 73.30 under the old property valuations.
Tax increases on the table at Killeen budget workshop
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Killeen council discusses street maintenance at budget workshop
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