El Campo Tax Rate Vote Thursday

The City of El Campo plans to lower its tax rate and approve the 2022-23 fiscal year budget Thursday, with one work day to spare. Council voted in August not to exceed a 48.419 cents per $100 in taxable property levy, a rate not producing additional revenue from properties on this year’s tax roll. The rate does not take into account tax dollars to be generated from new development.The proposed rate, supporting a $24.6 million budget, if approved, would be the city’s lowest tax rate since 20-13 and about 2.5 cents below the current rate.