Gregg County commissioners approve $47.2 million budget
POSTED: Wednesday, August 28, 2013 - 5:32pm
UPDATED: Wednesday, August 28, 2013 - 5:44pm
Longview, TX (Longview News-Journal) — The Gregg County Commissioners Court unanimously approved a $47.2 million budget Tuesday.
The budget keeps property tax rate the same at 26.25 cents per $100 valuation; however, rising property values mean the rate will generate $482,000 more in local tax dollars.
Gregg County Judge Bill Stoudt said new properties on the tax roll, including 270 new homes, account for $265,000 of the increased funding.
While commissioners unanimously approved the budget, Pct. 2 Commissioner Darryl Primo voted against the property tax rate, arguing the county has enough money in reserves to lower the rate.
“I am not complaining that we are not increasing the taxes,” Primo said. “Gregg County is a wealthy county. We have high fund balances — more than enough. We have surplus, we have excess funds, and I have expressed my opinion to you guys on more than one occasion that I think there is some room for us to lower the tax rate.”
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