Water District Sets Budget Workshop
The Glasscock Groundwater Conservation District’s Board of Directors will meet in special session Aug. 28 at 1:30 p.m. for a budget workshop and discussion of possible tax rates. The tax rate will likely be set at a Sept. 11 meeting.
The District’s current tax rate is .0330, but with a $114 million increase in tax valuations this year, its effective tax rate is .0247. The District’s traditional three percent increase would be .0254, and a 7.99 percent increase, which GGCD Manager Rick Harston says is the maximum without a rollback election, is.0266.
At its meeting Aug. 14, Kenneth Braden, Mike Hughes and Dennis Seidenberger were sworn in as directors. The board re-elected the same officers: Braden as president of the board, Seidenberger vice-president, and Zane Eoff secretary.
The board voted to renew a $105,000 certificate of deposit at First Bank of West Texas for three months at 3.45 percent. They also approved new health insurance rates of $310 per month each for the District’s two employees, an increase of $49 each per month.