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Copperas Cove adopts $77.94 million budget, raises property tax rate to 68.6419¢
Summary
City council adopted the FY 2025–26 budget and set a property tax rate of 68.6419¢ per $100 of taxable value, a rate council said will raise an estimated $1,075,439 more from property taxes than the prior year.
Copperas Cove City Council on Tuesday adopted the city'wide FY 2025'26 budget and approved a property tax rate of 68.6419¢ per $100 of taxable assessed valuation.
City staff said the combined FY 2025'26 budget totals $77,941,133, including a $57,289,921 operating budget and $20,651,212 in other funds; staff told council the adopted budget will raise $1,075,439 more from property taxes than the prior year.
The public hearing required under state truth-in-taxation law was held before the votes. Ariana Beckman, the city's director of budget, presented the budget and explained that the proposed tax rate is above the no-new-revenue rate and equal to the voter-approval rate of 0.686419. The adopted rate breaks down to 45.4051¢ for maintenance and operations and 23.2368¢ for interest and sinking (debt service). Beckman told council…
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