Travis County Commissioners Voting On Tax Increase
Travis County Commissioners will vote today on a property tax increase. The proposed rate would increase from 48.55 cents to 50.01 cents per $100 of taxable value.
The county says the new tax rate will increase total tax revenues from properties on the tax roll in the preceding year by nearly three percent.
Commissioners will also hear public comment on offering economic incentives to HID Global, which is considering building a manufacturing and distribution center in Northeast Austin.
The State of Texas is already offering HID Global $1.9 million from the Texas Enterprise Fund. And the City of Austin is considering offering the company close to a million dollars in rebates on taxes for real estate and equipment purchases. The city plans to hold a public hearing on the issue Sept. 27.
HID Global would create 276 jobs over 10 years. The company makes products like ID cards and key-card readers.
Travis County Commissioners are meeting at 9 a.m.