An in-person public hearing at 5:30 p.m. today will focus on a proposed tax increase for the City of Nacogdoches.
City Council will not take any action on the budget or tax rate during the meeting at the C.L. Simon Recreation Center, 1112 North St. Since the first cases of the coronavirus were confirmed here last spring, city council has been meeting via videoconference, but the state is requiring in-person meetings when budget and tax rate are being considered.
The meeting will include a presentation on the proposed budget and tax rate for the fiscal year that begins Oct. 1. The proposed city tax rate of 63 cents per $100 of taxable value is just under the voter-approval rate, previously dubbed the rollback rate until the state opted to clarify terminology.
City staff say they have received three letters and an email opposing the new rate, which is about 2 cents above the no-new-revenue rate, previously known as the effective tax rate.
The letters state that since many have lost jobs, are ill or are receiving only partial income due to the pandemic and now is not the time to raise taxes.
The proposed rate is expected to generate additional revenue of $365,026, with $60,853 coming from new property added to the tax rolls.
With the new rate in place, the owner of an average $108,000 home would pay an additional $12.10 next year.
A second public hearing and consideration for adoption by the city is scheduled for Sept. 15 at the same location.