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Addison proposes mostly flat tax rate for FY2026, shifts 2.5¢ to economic development and budgets 1% sewer increase
Summary
Town finance staff presented the proposed FY2026 budget and tax allocation on Aug. 5, proposing to hold the overall tax rate steady while shifting 2.5 cents to economic development, raising debt service by roughly 0.5 cent and proposing a 1% sewer rate increase tied to wholesale sewer cost pressures.
Finance staff presented the Town of Addison’s proposed FY2026 budget and the tax‑rate framework to council on Aug. 5, laying out the path for public hearings and final adoption in September. The proposed overall property tax rate in staff’s packet matched the adopted 2025 rate (60.9822 cents) but reallocates a portion of the maintenance & operations (M&O) levy to other priorities: staff said the M&O rate would decline fractionally while 2.5 cents of property tax was directed to the town’s economic development fund and debt service rose by about…
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