Abilene City Council approves final budget, tax rate for FY 2014

POSTED: 3:07 PM Sep 23 2013   UPDATED: 3:39 PM Sep 23 2013

The Abilene City Council has voted on its final budget and set the tax rate for fiscal year 2014.

The tax rate for 2014 will remain unchanged from this year at 68.60 cents per $100 valuation, but property values have increased by about 2 percent –– from about $104,053 for FY2013 to about $106,050 for FY2014.

That means home owners will pay an average of $13.70 more this year on their property taxes.

We'll have more budget highlights tonight.