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McGregor council reviews FY2025–26 budget and approves property tax rate of 0.530016
Summary
The McGregor City Council on Aug. 4 reviewed the proposed fiscal year 2025–26 budget — including assumptions on health insurance, pay increases and utility fees — and voted to set the property tax rate at 0.530016. The council also set public hearings for the budget and tax rate later in August.
McGregor City Council members reviewed the proposed fiscal year 2025–26 budget and on Aug. 4 voted to approve a property tax rate of 0.530016, the same rate used in the current year. The council announced a public hearing on the tax rate and the proposed budget for Aug. 21, 2025, with final adoption slated for Aug. 22, 2025.
The budget presentation, led by Lee Klump, director of finance, laid out key assumptions the administration used to build the draft. Klump said the draft assumes a 25% increase in health insurance premiums "based on what we've heard meeting with the health care people — it's not set in stone," and a 5% cost-of-living adjustment across the board. The city is also budgeting a market increase of 5% for patrol officers on top of the COLA, and the Texas Municipal Retirement System contribution rate is assumed to rise from 12.96% to 13.12% in…
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