Lewisville outlines FY2025–26 budget with lower tax rate, utility hike and $70M for police and fire

Matt, a City of Lewisville staff member and the outreach host, toured residents through the proposed fiscal year 2025–26 general fund budget during a public "Lewisville Lyft" outreach event and summarized the package’s major items: a proposed general fund of about $143,000,000, a reduced property tax rate of 0.419009, a 7.4% utility-bill increase, and significant public-safety and infrastructure spending.

Why it matters: The City is asking residents to review a proposal that would change the city’s tax and utility charges and direct funding to public safety, street infrastructure and parks; the City Council is scheduled to vote on the proposed general fund budget and the tax rate in September. Those votes will determine whether the proposals move forward.

City staff presented several headline figures during the outreach. Matt said the proposed general fund totals $143,000,000 and that the proposed property tax rate is 0.419009, lower than last year and described in the presentation as the lowest in more than 30 years. Using that rate, the presentation estimated the typical homeowner would pay about $1,607 in city…