HSB council approves 2019-20 tax rate, utility hike

Submitted by highlander1 on Fri, 09/20/2019 - 10:02am

By Lew K. Cohn
Managing Editor

Horseshoe Bay City Council unanimously adopted a new budget and tax rate for the upcoming fiscal year while also adopting increases in water and sewer rates during a lengthy regular meeting Tuesday, Sept. 17.

Tax rate

The new tax rate for fiscal year 2020 will be 27 cents per $100 valuation, which represents a 5.85 percent increase above last year's rate of 26.702 cents. It includes a maintenance and operations tax rate of 23.164 cents and an interest and sinking (debt service) rate of 3.836 cents.

The new rate is just below the rollback tax rate of 27.088 cents per $100 valuation, but higher than the effective tax rate of 25.507 cents. . . . .

Find the rest of this story in the Friday, Sept. 20 issue of The Highlander, the newspaper of record for the Highland Lakes. To offer a comment or news tip, email lew@highlandernews.com. To subscribe to the newspaper, call 830-693-4367 or click here to subscribe to our E-edition online.

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