The City of Lakeway’s proposal for construction of SH 45 West cleared another hurdle in its evolution with a key CAMPO endorsement Monday night. The Transportation Policy Board of the Capital Area Metropolitan Planning Organization voted, 17-3, to include it in a list of transportation projects to model for the 2040 Regional Transportation Plan.
The Lakeway City Council reduced the city’s property tax rate to $0.1612 per $100 valuation from $0.1700 for the 2017 fiscal year at its regular meeting Monday night.
This reduced tax rate is below the effective tax rate of $0.1613. The effective tax rate is the tax rate that would produce the same amount of taxes if applied to the same properties taxed in both years.