Upcoming Gregg County budget filled with questions
Longview, TX (Longview News-Journal) — He’s waiting for answers to a handful of key questions before finalizing his proposed spending plan for 2013-14, but Gregg County Judge Bill Stoudt is sure of one thing.
“This much I can tell you: we’re not raising the tax rate,” he said Friday.
Stoudt is planning to continue honing the county budget this week, but there are still many unknown elements. Those include how national health care reform will affect insurance premiums. And final property values won’t be certified until later this summer, when all taxing entities will know what tweaking a tax rate up or down will do.
The county’s 26.25-cent tax rate will bring in less money next year if a 6.5 percent drop in preliminary property values holds true. The early estimates issued each May typically move nearer to the previous year’s mark by the time values are certified, for which the deadline this year is July 25.
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