road repairs

Payne Springs to use property tax for road repairs

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PAYNE SPRINGS–Payne Springs City Council, which approved a 25 cents per $100 valuation property tax Sept. 8, voted Oct. 18 to use the tax proceeds to secure a $2.3 million, 15-year bond to repave city streets.
According to a city release, Payne Springs is considered a small taxing unit, which allowed the city to impose a property tax without an election. That means the city is fewer than 30,000 in population, is imposing less than $500,000 in tax and the tax rate is less than 50 cents.