Boyd proposes lower tax rate

Boyd City Council voted Tuesday to propose a tax rate of 55.4 cents per $100 valuation, 6 cents lower than last year’s rate.

If the city had kept the 2016-2017 rate of 61.9 cents per $100 valuation, the citizens could have called for a rollback election. The 55.4 cent rate keeps Boyd under the rollback threshold.

City Administrator Greg Arrington explained that although the proposed rate will raise $37,000 less in property taxes, that difference should be made up in sales taxes.

For more on the meeting, see the weekend Messenger.

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BISD proposes tax rate

Bridgeport School Board voted Monday to propose a tax rate of $1.24 per $100 valuation for the 2017-2018 fiscal year.

Under the proposal the maintenance and operations rate will be $1.04 per $100 valuation, with the debt service rate at 20 cents.

The board plans to adopt both the budget and tax rate Aug. 28. There will be another regular meeting Aug. 14 and a budget workshop Aug. 21.

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