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Property rate increase capped at 52.74 cents; stormwater rate structure expected to change in January

Setting a goal date for the new storm water rate structure, capping a potential property tax increase and getting an earful from residents concerned about a possible smoking ban kept Lubbock’s City Council busy Thursday.

A more than $200,000 tax break for X-Fab was passed unanimously with little public discussion. The agreement exempts the technology company from taxes on a new development, but not its existing property, for the next five years.

Another item expected to be discussed, modifications to the Omni Building, was postponed indefinitely.

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