NEWS
Lagging minerals pull down 2017 property values
By BARBARA GREEN
Certified property values for 2017 are down in nine of the 14 taxing entities appraised by the Montague County Tax Appraisal District.
The values were released Thursday by the Montague County Tax Appraisal District Chief Appraiser Kim Haralson said the lack of activity in oil and gas continues to drag down values.
These declines in value are expected to have a significant impact on estimated tax revenue for all the entities, including Montague Count,y which lost more than $15 million in values.
For the second year in a row, energy values had an impact, but not quite as large. In 2016, overall county property figures fell by 46.84 percent. This year the overall values fell by .79 percent.
Read the full story in the weekend News.
On Friday city officials reported the intersection at Rock and Pillar was closed due to a sinkhole in the street. This area has been experiencing major drainage problems for many years damaging culverts and the street asphalt and concrete, with a portion of the street collapsing earlier in the spring. Drivers should avoid this area.
The Nocona City Council approved a trio of Nocona Economic Development Corporation requests and considered infrastructure work questioned by a city council.
Councilors met on June 10. Two of the NEDC requests had already been presented with the timeclock for comment started. With that time limit over, the requests were finalized.
The Type A and B Boards will spend $19,225 at the Indian Oaks Golf Club for equipment, aerifying and top dressing the greens and batteries for rental carts. It also will expend $20,000 to the Nocona Chisholm Trail Rodeo Arena Committee to build new concrete bleachers, railings, fence and platform.
The third NEDC request is a new one related to a Type B board loan of $200,000 to Amy and Chris Nunneley for a new apartment and office construction project.
Read the full story in the Thursday Bowie News.
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