NEWS HEADLINES

Water district proposes tax cut

By Roy J. Eaton | Published Wednesday, August 22, 2018
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The Wise County Water Supply District, an entity of the city of Decatur, is proposing a 1.5-cent cut in the tax rate for next year.

The district purchases untreated water from the Tarrant Regional Water District and pipes it to the city water treatment plant from Lake Bridgeport. The tax revenue is for debt payments.

The 10.5-cent rate per $100 valuation will fund a $1.533 million budget for the 2018-19 fiscal year, which begins Oct. 1. City Manager Brett Shannon, who is also general manager of the water district, said property values in the district increased $80 million. The tax roll is $722,365,921.

The water board set a public hearing on the budget and tax rate for 4 p.m. Aug. 29 at Decatur City Hall. The budget and tax rate will be formally adopted on Sept. 12.

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