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Tuesday, July 22, 2014 - 10:57am

Tax hike proposed for City

Tax hike proposed for City
KTSM
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POSTED: Thursday, June 27, 2013 - 9:49pm

UPDATED: Thursday, June 27, 2013 - 9:52pm

El Paso's city manager released her proposed budget for 2014 Thursday, and it could mean another tax hike to cover costs lost from Western Refining property tax revenues and the police/fire pension fund.

City Manager Joyce Wilson is proposing a 2.5799 cent increase per $100 valuation.

On a home worth $100,000, that results in a payment of $684.20 for the year, about a $25.80 hike from 2013.

Wilson cites a need to cover the loss of $2.9 million in tax revenues from Western Refining, after they sued the Central Appraisal District for overvaluing their property.

The City also needs to cover $12 million dollars for the police and fire pensions, and an increase in the debt service of $5.9 million which includes some costs from the relocation of city hall.

Budget hearings begin July 9th.

To see the full fiscal year 2014 budget book, click here.

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