Grayson County Commissioners Approve New Tax Rates for 2025 2026 Budget

The Grayson County government meeting held on August 26, 2025, focused on key financial decisions, particularly regarding the proposed tax rates for the upcoming fiscal year.

The meeting began with a motion by Commissioner Arthur, seconded by Commissioner Hardenberg, which was unanimously approved. A public hearing was then held to discuss the proposed tax rate of 0.3051 per $100 of valuation. However, no members of the public chose to speak during this hearing, leading to its conclusion shortly after it began.

Following the public hearing, the commissioners moved to adopt the Grayson County Maintenance and Operations (M&O) tax rate for 2025-2026, set at 0.286903 per $100 of valuation. This rate is notable as it will generate more revenue for maintenance and operations compared to the previous year's rate. The motion to adopt this tax rate was made by Commissioner Wright and seconded by Commissioner Arthur, receiving unanimous approval.

Additionally, the commissioners discussed and took action to adopt the Interest and Sinking (I&S) debt tax rate, which was set at 0.018197 per $100 of valuation.

These decisions reflect the county's ongoing efforts to manage its financial responsibilities while addressing the needs of its operations. The approved tax rates will be instrumental in funding essential services in Grayson County for the upcoming fiscal year.