«

»

Aug 25 2011

Print this Post

LV tax rate remains same

By MARTHA McCLAIN
Special to the PRESS

The property tax rate in Laguna Vista will likely remain unchanged for the coming fiscal year, even with the budgeted $1.5 mil­lion in quality of life im­provements planned for this community in 2011-2012.

The property ad valorem tax rate is expected to re­main at 29.3 cents per $100 assessed valuation, result­ing from action taken by the Laguna Vista City Council at an Aug. 20 special meet­ing, where officials voted to recommend that rate for adoption. Included is the debt rate of $0.046689 is for the $1.5 million issu­ance of Certificates of Ob­ligation that will fund the improvements, City Man­ager Rolando Vela said.

The rate was proposed at the meeting, with Mayor Susie Houston and Council Members Steve Muschen­heim, Leti Keplinger and Michael Carter voting for the proposal. Absent were Board members Bill Schni­er, Rita Garcia and Paul Villas.

To see this story in print, pick up a copy of the Aug. 25 edition of the Port Isabel South Padre Press or check out our E-edition by clicking here.

 

Permanent link to this article: http://portisabelsouthpadre.com/2011/08/25/lv-tax-rate-remains-same/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>