Paying the piper
Fri, 2014-08-01 05:00 News Staff
City staff requests tax increase of 2.5 cents from effective rate to meet budget needs.
By DAVID MORRIS
Copperas Cove residents should begin preparing themselves for their next year’s tax bill as city staff projects an increase of 2.5 cents from the effective rate of $0.7517 per $100 value to $0.7774 per value in order to meet the budget requirements for the next fiscal year. “I think we have exhausted every avenue to generate funds until our new retail establishments are in place at the Five Hills mall,” said Marty Smith. “We have trimmed and tightened our budget and cut expenditure where possible. The voters have voted for the police station, fire station No. 3 and Fire Station No. 4 and the taxes have not increased and the police station is five years old now. Our only choice to pay down our debts for these items, to improve our much needed Parks and Recreation facilities and to keep our fund balance at the legal rate is to raise taxes.”
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