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Council adopts FY2025–26 tax rate, approves de minimis increase to 0.44259
Summary
After a public hearing, the council adopted an ordinance setting the fiscal year 2025–26 tax rate at 0.44259, a de minimis increase of a little over three cents from the previous year; Heather Ramirez presented the rate and council approved the ordinance by motion.
The city council adopted Ordinance 25-08-02 setting the fiscal year 2025–26 tax rate at 0.44259 after a public hearing. Heather Ramirez, assistant city manager, presented the proposal and said the council is proposing to adopt the de minimis rate of 0.44259, a small increase allowed for municipalities with populations of 30,000 or less. The council voted to approve the ordinance by motion.
Why it matters: the adopted rate funds the…
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