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Waxahachie council adopts FY2026 budget, keeps property tax rate at 61¢ and authorizes debt defeasance
Summary
The Waxahachie City Council approved the FY2026 budget, maintained the cityproperty tax rate at 61 cents per $100 valuation, ratified an increase in property tax revenue and authorized defeasance of certain bonds to reduce interest costs.
The Waxahachie City Council on Monday adopted the fiscal year 2026 budget, held the property tax rate at 61 cents per $100 of valuation and approved a resolution authorizing defeasance of certain bond series to reduce future interest costs.
Chad Tusteson, the city finance director, told the council the proposed budget —maintains the rate of 61cent—— and provides funding for operating costs and capital needs as the city grows.— He said the vote on the tax rate was being held the same day as the public hearing and that no additional action was required after the hearing.
The council adopted the budget and the tax ordinance by voice vote after council members praised staff for work on the document. Councilman Smith moved to…
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