Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budgeting topic
No spam. Unsubscribe anytime.
Highland Village council adopts FY2025–26 budget, approves 0.500984 tax rate
Summary
At a Sept. 16 special meeting the Highland Village City Council approved the fiscal year 2025–26 budget, adopted a 0.500984 property tax rate (a 4.3% rate increase) and ratified a $760,922 increase in property tax revenue, including $46,919 in new property.
The Highland Village City Council on Sept. 16 adopted the fiscal year 2025–26 annual budget, approved a property tax rate of 0.500984 and ratified a $760,922 increase in property tax revenue reflected in the budget.
City staff said the adopted tax rate — 0.500984 per $100 of assessed value — exceeds the no-new-revenue rate and therefore the council included the special statutory language required for voter-approval-rate measures. Heather (staff member) told the council that the budget’s property tax revenue reflects a $760,922 increase from last year, a 4.51% rise, of which $46,919 comes from new property improvements.
The council adopted the budget by ordinance on second and final reading and approved the tax rate and related resolution in separate recorded votes. Each measure passed unanimously with six affirmative votes; one councilmember, Councilman Nelson, was absent.
Council members and staff briefly discussed how the advertised “3.5%” figure used in the state’s calculation differs from the percentage change in total tax revenue once new property is included. Heather explained that the 3.5% calculation is based only on properties that were taxable both last year and this year, while the council’s adopted rate (and the reported 4.3% rate increase) includes revenue from newly taxed property.
Votes at a glance: ordinance adopting FY2025–26 budget (Ordinance 2025-1330) — approved, unanimous; ordinance levying ad valorem tax for 2025 (Ordinance 2025-1331) — approved, unanimous (tax rate set at 0.500984); resolution ratifying property tax revenue increase (Resolution 2025-3208) — approved, 6–0.
The meeting was a short special session convened at 8 a.m. and adjourned at about 8:08 a.m. No other substantive policy items or public-comment debates were on the record during the session.
