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Contributed The planned Thunder Rock development - in the northwest intersection of Texas 71 and U.S. 281 is expected to break ground by the end of the year with a sports complex planned in the first phase, along with homes. -
Chief Appraiser Stan Hemphill of the Burnet Central Appraisal District made a presentation to Marble Falls City Council Sept. 15 to explain to them how certified tax rolls are estimated to increase by at least 2 percent. The fledgling Gregg Ranch development is expected to contribute to the rolls for the first time in the upcoming fiscal year. Connie Swinney/The Highlander
From the tax-funding process to seating a board, Marble Falls City Council members forged ahead Sept. 15 to clear the way for a development on over a thousand acres at the intersection of U.S. 281 and Texas 71 in the southend of town.
During a regular meeting, the council approved the creation of a tax increment reinvestment zone (TIRZ) - a funding mechanism that will re-allocate a portion of…