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Lewisville finance team lays out economic outlook, assessed‑value gains and budget calendar for FY2026
Summary
City finance and economic development staff told the council the city’s taxable assessed value rose from about $11.7 billion in 2020 to $19.4 billion in 2024, reviewed development projects and recommended proceeding with the FY2026 budget without calling an election on the tax rate.
City finance and economic development staff presented an economic outlook and budget timeline to the Lewisville City Council on Monday, reviewing assessed‑value growth, development projects, bond rating notes and a recommended FY2026 budget calendar that does not require a voter election.
Director of Finance Dave Erb said the city’s taxable assessed value increased from about $11.7 billion in tax year 2020 to approximately $19.4 billion in 2024, a rise he attributed in part to the Castle Hills annexation and ongoing development. “That is a 65% increase over that 5 year period,” Erb said.
Why it matters: Erb and colleagues told council that assessed‑value growth, construction activity and sales tax trends underpin revenue projections for the upcoming budget. Staff recommended preparing the FY2026 budget without pursuing a property tax election,…
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