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Carrollton CFO outlines tighter budgets ahead; council raises senior/disabled homestead exemption to $110,000
Summary
Chief Financial Officer Diana Vaughn told council the city must be judicious as property-tax growth slows under state law; council approved on consent raising the homestead exemption for seniors and disabled from $97,000 to $110,000 and ratified emergency storm debris removal spending of up to $510,800.
Carrollton’s chief financial officer on Tuesday told the City Council that longer-term fiscal flexibility will be more constrained as state policy and changing market conditions limit recurring revenue growth, and the council approved a consent-item ordinance raising the senior and disabled homestead exemption for tax year 2025.
Diana Vaughn, chief financial officer, said property tax remains the city’s largest recurring revenue source and that recent legislative changes and appraisal trends have reduced the city’s long-term revenue flexibility. “Our recurring source is property tax is almost 54%,” Vaughn said, explaining the city’s reliance on property tax and the constraints imposed by Texas law such as the post-2019 limitation on how much taxable values can increase in a year.
Vaughn reviewed recent and pending policy changes, including Senate Bill 2’s property-tax limits and the effect of circuit-breaker exemptions and business personal property changes passed in the 2025…
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