Council holds hearings on proposed FY2025‑26 budget and tax rate; delays final adoption until Aug. 22

The McGregor City Council held public hearings Aug. 21, 2025, on a proposed fiscal year 2025‑26 budget and the proposed tax rate. The council did not adopt the budget or tax rate at the meeting and scheduled final adoption for a special called meeting on Aug. 22, 2025.

Lee, city finance staff, presented the budget and the three tax‑rate options provided by the McLennan County tax office. The city’s current adopted rate for fiscal year 2025 is 0.530016 per $100 valuation. For the proposed budget staff used the voter‑approval tax rate, 0.531392; Lee said the no‑new‑revenue rate is 0.530892 and the de minimis rate (which would allow an additional $500,000 in ad valorem collections) is higher. Using the voter‑approval rate, Lee said the maintenance-and‑operations portion of taxes on a $100,000 home would increase by about $11.49 while total tax change including interest and sinking would amount to $1.38 per $100,000 in assessed value as shown in staff…