Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Addison council adopts $52.3 million general fund budget and sets 2025 tax rate at $0.6081 per $100; council questions theater spending, paver study and AAC and
Summary
After public hearings, Addison’s City Council on Sept. 9 adopted the fiscal 2026 budget and set a 2025 tax rate of $0.6081 per $100 valuation, approving $52.3 million in general‑fund revenue and one‑time capital and program allocations.
The Addison City Council adopted the fiscal year 2026 budget and set the 2025 tax rate at $0.6081 per $100 valuation during a Sept. 9 meeting, following two public hearings and detailed staff presentations. The vote was unanimous.
Stephen Glickman, chief financial officer, summarized the proposed budget and subsequent adjustments: general fund revenue of $52,347,000; fund balance projections of about $21,000,000 (approximately 40.2 percent of operating expenses); a hotel fund one‑time package that includes $685,000 for performing‑arts center improvements; and no proposed water‑rate increase and a 1 percent sewer‑rate increase in the utility fund.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
