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Concord adopts FY2025-26 budget, holds tax rate steady
Summary
City Council approved a $382.6 million citywide budget and maintained the property tax rate at 42 cents, allocating funds for transportation, parks, affordable housing and employee pay adjustments.
Concord City Council on Thursday adopted the FY2025-26 budget after a public hearing, approving a $382,574,668 citywide spending plan while keeping the property tax rate at 42 cents.
City Manager Lloyd presented the budget as a “strategic road map” aligned with council priorities and said the package was designed to maintain services without increasing the tax rate. “I humbly ask for your consideration adoption of proposed FY 20 25, 20 26 budget,” Lloyd said during his presentation.
The proposed budget includes a $165,649,000 general fund, and the citywide figure represents an 8.1% increase over…
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