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City sets proposed tax rate, sells bonds
The Llano City Council on Monday set a preliminary tax rate and approved the sale of bonds at a regularly scheduled council meeting. The council set a proposed tax rate of $0.71936 per $100 valuation at the meeting. The proposed rate is one that cannot be exceeded when it is finalized, but the rate may be lowered. The proposed rate is about 30 cents higher than last year’s tax rate, mainly due to the $5.285 million bonds approved by voters in May.
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