CC MEETING: September 9, 2025
DATE: August 27, 2025
TO: Erin Rinehart, City Manager
FROM: Melissa Everett, Finance Director
Diana Vaughn, Chief Financial Officer
Chrystal Davis, Assistant City Manager
Title
Consider A Resolution Ratifying The Property Tax Increase Reflected In The Fiscal Year 2025 - 2026 Operating Budget.
Body
BACKGROUND:
Section 102.007 of the Local Government Code requires a governing body that adopts a budget which raises more revenue from property taxes than in the previous year to ratify the property tax increase reflected in the budget. A vote under this subsection is in addition to and separate from the vote to adopt the budget or a vote to set the tax rate required by Chapter 26, Tax Code, or other law.
FINANCIAL IMPLICATIONS:
The Fiscal Year 2025-2026 Budget will raise more total property taxes than last year’s budget by $5,530,053, a 4.45% increase, and of that amount $693,490 is tax revenue to be raised from new property added to the tax roll this year.
STAFF RECOMMENDATION/ACTION DESIRED:
City Council is requested to pass a Resolution ratifying the property tax increase.
Attachments:
Resolution