By Moses Leos III
The possibility of a seven-cent increase in Kyle’s ad valorem tax rate is part and parcel for the $30 million road bonds issued in 2014. The increase would mark the first time Kyle’s property tax rates surpass .60 cents since the early 1990s.
That increase passed the first hurdle on Aug. 1. By a 7-0 vote in a special called meeting, the Kyle City Council kept the proposed tax rate for the fiscal year 2016 proposed budget at .6146 cents per $100 valuation.
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