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Addison previews FY2026 budget; staff projects modest surplus and no water/sewer rate increase
Summary
Finance staff introduced the town’s fiscal 2026 budget calendar and preliminary assumptions, citing a projected 4% increase in taxable values, a 3.6% sales-tax revenue increase, a 4% personnel cost increase and a projected $300,000 surplus available for decision packages or tax relief.
Addison — Finance staff presented a preliminary budget calendar and assumptions for fiscal year 2026 (Oct. 1, 2025–Sept. 30, 2026), describing revenue and cost projections and how those assumptions will feed the town’s multi-month budget process.
The presentation, led by finance staff, described the timeline: departments submitted budgets in April, the city manager’s proposed budget will be delivered by July 31 after the Dallas Central Appraisal District certifies values on July 25, and council workshops and public hearings are scheduled in August and September. Staff emphasized that the numbers presented are preliminary and subject to change during the July–September process.
Key preliminary assumptions presented included an approximate 4% overall increase in taxable property values (based on preliminary May 15 values), a projected 3.6% increase in sales tax…
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