According to attorney Bill Aleshire, the city claims Lost Creek taxpayers owe $7.7 million to help pay for bonds approved while Lost Creek was part of the city.
Aleshire argues that the City Council's actions exemplify 'Taxation Without Representation,' labeling them illegal and without authority, reflecting 'lawless behavior' by the Mayor Kirk Watson City Council.
The lawsuit emphasizes that the statute governing Lost Creek's disannexation conditions any taxation on it after disannexation on necessity and outlines that Lost Creek's taxable value is minuscule.
With the Tax Code's formula for setting the Debt Service Tax Rate, the city can manage its bond payments without overburdening the residents of the former Lost Creek area.
Collection
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