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City sets new tax rate for 2022

Tue, 08/17/2021 - 6:35 pm

Jacksboro City Council voted to set the proposed tax rate at $1.125 per $100 valuation during the regular Monday, Aug. 9 meeting.

City Manager Mike Smith had proposed a rate of $1.09, down $0.05 from last year’s rate. The additional funds will go toward two projects, with $15,000 going to a donation to the Gladys Ritchie Memorial Library and the rest of the funds, approximately $17,000, designated for streets exclusively.

“If we want the streets fixed, this is how we fix them,” Brandon Sisson said.

Of the tax rate, $0.24 will go toward interest and sinking with the remaining $0.885 going to maintenance and operation. Smith said the tax rate itself had not been raised in 10 years.

For the full story, see the Wednesday, Aug. 18, edition of the Jacksboro Herald-Gazette.