Austin (KXAN) – After destroyed floods hit Travis during the fourth weekend of July, the boycott is considering raising your property taxes to help pay the price of damage and prepare for future disasters.
“With the final touches on the initial budget this year, as you know very well, the province witnessed a devastating event in floods that caused a major impact on our provincial residents, a loss in life, and has strongly affected our infrastructure,” Travis Provincial employees said during the meeting of the Commissioners Court in a district on Tuesday.
According to the state law, if the tax unit – in this case, the boycott – in an area declared it is a catastrophe by the ruler “and increased revenues to respond to the disaster, the tax unit is not required to hold elections to agree to the tax rate in the year following the year in which a disaster occurs,” according to the messenger correspondence.
Travis Province is considering a special tax unit higher than the voter approval rate of 3.5 %. According to the employees, this will allow the boycott to bring an additional $ 42 million that would enter into a special disaster reserve background.
The provincial employees said this fund will be used to restore continuous floods and prepare for future disasters.
For “taxable average tax”, the province will settle an additional $ 200.64 to your property tax bill in the coming fiscal year, according to employees. From this, $ 71.66 is part of the tax declaration associated with disaster.
Travis Province will still need to finish the touches on the tax rate through its budget process.