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Odessa opens FY2026 budget hearing and sets maximum tax rate at $0.4707
Summary
City council opened a public hearing on the fiscal year 2026 budget and adopted a resolution establishing a maximum property tax rate of $0.4707 per $100 valuation; staff detailed revenue increases and one-time capital spending, and the council set two required public votes on the tax rate.
The Odessa City Council opened a public hearing on the proposed fiscal year 2026 budget and adopted a resolution establishing a maximum tax rate of $0.4707 per $100 of assessed valuation. City staff said the proposal would fund pay corrections and first-responder premium pay while adding one-time capital projects.
City staff member Kaylee, who presented the budget, told the council the proposal was built on four principles: using FY25 department operating budgets as a base, maintaining at least six months of reserves, prioritizing human-capital spending (including Gallagher pay corrections and…
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