Written by Kathy Olivarez Friday, 15 August 2014 10:05
The Mission City Council held a public hearing on the proposed 2014 tax rate and unanimously approved the rate, 1 cent lower than the current rate at a Monday meeting.
The proposed rate is $0.5188 per $100 valuation. It includes $0.1076 for debt and $0.4112 for maintenance and operation. The estimated tax levy based on the proposed tax rate will create revenues of $15, 107,149, a decrease of $349,433 from the 2013 tax levy of $15,398,343.
The council voted unanimously for the tax rate decrease.