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Lubbock-Cooper ISD signs off on increased tax rate triggering November election - fox34.com
Lubbock-Cooper ISD's recent vote on a higher tax rate sends the final decision straight to voters this November.
Should the ballot measure pass, L-CISD anticipates collecting an additional $3 million for its general fund. This proposed rate represents roughly an 8% increase in revenue compared to last year's collections. For property owners within the school zone, average annual tax payments are expected to rise by approximately $144.
Even with the potential for increased revenue, L-CISD still faces a budget deficit approaching half a million dollars. This means an average $144 tax increase might not fully close the gap.
Common questions
Why is Lubbock-Cooper ISD holding a tax election?
- Lubbock-Cooper ISD is holding a tax election because their proposed property tax rate exceeds the state's voter approval ceiling. State law mandates a public vote in November to give residents the final say on the higher rate.
What is the proposed tax rate for Lubbock-Cooper ISD?
- The proposed tax rate for Lubbock-Cooper ISD is just under $1.20 per $100 valuation. This rate applies to homes located within the district's boundaries and was approved by the L-C ISD board.
Which areas in Lubbock will be affected by this tax rate?
- Households in south Lubbock will be directly affected by this proposed tax rate. This includes neighborhoods extending from the Quaker Avenue corridor all the way down to Ransom Canyon within the Lubbock-Cooper ISD boundaries.
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