NEWS
Nocona City Council adopts budget, tax rate
Nocona City Councilors wrapped up their budget work during a lengthy Tuesday night session and a brief called meeting on Wednesday.
There was a unanimous vote on both financial items. The general fund budget is $2,835,421, golf fund budget at $226,700, utility fund budget at $1,435,300 and the Nocona Economic Development Corporations (Type A and B) are $435,000.
In ratifying the property tax, the city will raise more revenue from property taxes than last year by $25,593, which is a 4.1% increase from last year. This is primarily due to an increase in property values.
Read the full story in the weekend Bowie News.
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