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Highland Village council adopts FY2025‑26 budget and sets 2025 tax rate at 0.500984
Summary
After a public hearing with no speakers, the City Council approved the fiscal year 2025‑26 budget and on first read adopted a tax rate of 0.500984 (stated as an effective 4.3% increase over the no-new-revenue rate); votes were recorded by name for the budget ordinance.
The Highland Village City Council on Sept. 9 received the city manager’s recommended budget for fiscal year 2025‑26, held a public hearing with no public speakers, and adopted the budget ordinance (Ordinance No. 2025‑1330) on first read with a recorded vote.
City staff reported key budget figures: staff said property tax valuations increased about 4.2 percent for the year, producing roughly $760,000 in additional revenue compared with last year’s valuations, and that the city’s assessed value totaled just over $3.5 billion. The recommended general fund base expenditures were listed at $26,208,623 with $539,612 in supplemental requests. The staff presentation included several program highlights: a 3 percent salary increase for all employees, two additional outdoor warning sirens for broader…
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