The Trophy Club Town Council on Sept. 8 adopted the fiscal year 2026 budget, set the town’s ad valorem tax rate and approved the town’s six-year capital improvement program and debt financing plan. Staff presented the budget and supporting plans during the meeting; council approved the measures by roll-call and voice votes. April (staff presenter) summarized the budget and said the proposed tax rate is 0.412864 per $100 of assessed value, slightly lower than last year’s rate. “This budget reflects the town’s commitment to responsible financial stewardship while continuing to invest in the priorities identified by council and our community,” April said.

Key approvals and figures
- The council adopted the FY2026 budget by record vote. The budget shows total revenues of about $27.6 million and total expenditures of about $31.1 million; general-fund revenues were listed at about $17.5 million and general-fund expenditures at about $17.7 million. The budget includes a 3% cost-of-living adjustment for all staff, merit increases, public-safety step increases and targeted market adjustments for about 20 positions. A new police cadet position and a $100,000 tourism incentive program were included; the town will replace the Taste of Trophy Club event with a Harvest Festival and add $220,000 for local arts.

- The council adopted a debt financing plan and a tax-rate goal intended to sustain a debt rate near 0.105 cents (0.103100 portion of the rate cited). The finance presentation included a projected debt issuance schedule through 2046 and a plan to shorten maturities starting in 2042 to help hold the debt rate goal.

- The council adopted the town’s Capital Improvement Program for fiscal years 2026–2031. Highlights include street improvements on Forest Hill Drive and smaller courts (Paint Rock Court, Palmetto Court, Oakmont), sidewalk projects on Skyline Drive and Creekside, street-light upgrades on Bobcat Boulevard and Parkview, crosswalk flasher upgrades, mobile vehicle barriers, drones for public-safety operations and new outdoor warning sirens.

- The council held and closed the required public hearing on the tax rate and then adopted an ordinance fixing and levying municipal ad valorem taxes at 0.412864 per $100 valuation. The council subsequently voted to ratify the budget’s property-tax revenue increase required under Texas law; staff reported the budget will raise approximately $562,699 (5.26%) in property tax revenue over last year’s budget, of which $50,004 is attributable to new property added to the tax roll.

Votes and procedure
- The debt financing plan passed on a motion (mover not specified) and was seconded; the motion carried by voice vote. The business plan resolution passed after a motion and second. The FY2026 budget was adopted via roll-call vote: Council Members Bauer, Beach, Sheridan, Ash, Flynn and Mayor Tiffany voted yes; one member (Ryland) was absent. The CIP was approved by motion and voice vote. The ordinance adopting the tax rate was approved by roll-call and recorded as passed 6–0. The ratification vote to acknowledge the property-tax revenue increase passed 6–0.

Legal and statutory references
Town staff reminded the council and public that the budget and tax process follows the town’s charter and Texas statutory requirements, referencing the Texas Tax Code and Texas Local Government Code provisions governing budget adoption, tax-rate setting and the separate ratification vote when a budget increases property-tax revenue.

Next steps
No additional formal action was required that night beyond implementing the adopted budget and the CIP schedule; staff will proceed with debt issuance and project planning in accordance with the adopted financing plan and capital projects schedule.