Hiển thị các bài đăng có nhãn Tax. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn Tax. Hiển thị tất cả bài đăng

Thứ Năm, 8 tháng 9, 2011

Watauga Waves

The budget for Watauga did not pass through the council as it always has before.

Three new council members are being blamed by the old council members.  Three new council members are being thanked by the citizens.  Be sure and read the comment.  It gives you a side the "news" forgot to.  The side of the people that the council is elected to represent.

Read about it in the Fort Worth Star-Telegram.

Wednesday night's vote was 4-3 in favor of the budget, but a two-thirds majority was required for passage.

It was the first time a proposed budget has been rejected in Watauga, city officials said.

"I wish we could have reached a better level of consensus in the previous [budget] workshops," Clements said.

"My only objection was to the tax increase. Overall, I agreed with the budget, except for hiring new people."

Mayor Harry Jeffries said he was disappointed in the council.

"We've had enough work sessions for people to ask questions, and they weren't asked," he said. "I have three people who don't want to raise taxes. I don't want to raise taxes, and the other councilmen don't want to raise taxes. But you come to a point where you look at the loss in [total] property valuation and something has to happen to make that up.

"Either you cut services or you raise taxes."

Watauga has lost considerable taxable property value in the last several years. Between 2010 and 2011, the total property value in Watauga dropped about $10.2 million.

Thứ Năm, 11 tháng 8, 2011

Keep your eye on the ball

Actually LaGrave field.

We've mentioned before how certain entities are eyeing the stadium.

Now a city commission has designated LaGrave Field historic designation by a city panel.  (WHO is on the panel?)  Now LaGrave can get tax breaks.

The story in the Fort Worth Star-Telegram points out a few of the things that make you go hmmm...

A city commission granted its highest historic designation to LaGrave Field on Monday, which will allow for property tax breaks if the minor-league ballpark is ever improved.

Bell, who has struggled financially in recent years and has been seeking a buyer for the stadium, said he wanted the designation to make the tax break available, but that he also wants the field to be "preserved forever." The stadium, he said, "is a vital and integral part of the community."

Bell has wanted the city to take over ownership of LaGrave and said Monday he still hopes that can happen. He is still working on permanent financing for the stadium.

Bell bought a tract of land around LaGrave from the city of Fort Worth in 2007 and once planned a multimillion-dollar residential and retail development. But by last summer he faced foreclosure on the 38-acre property. Bell renegotiated bank notes to keep the stadium, and was released from other notes after the property was sold to the Tarrant Regional Water District.

Bell owes more than $195,000 in property taxes and penalties for 2010, according to county tax records.
 
Just another day in the Wild West.

Play ball.