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Montgomery council adopts FY2026 budget, sets 40¢ tax rate; adds $60,000 for city events
Summary
At a Sept. 15 special meeting, the Montgomery City Council adopted the fiscal year 2026 operating budget and set a 40¢ per $100 property tax rate, adding $60,000 to the public works budget for quality-of-life events and noting the increase in property tax revenue tied to rising valuations.
The Montgomery City Council on Sept. 15 adopted an operating budget for fiscal year 2026 and set the city's ad valorem tax rate at $0.40 per $100 of assessed value, council members said during a special meeting at City Hall.
Council approved a $60,000 increase to the general fund allocation for the public works department to support quality-of-life events, reducing the city’s projected general-fund surplus from $411,483 to $351,480, according to staff. The adopted budget document presented to the council notes the budget "will raise more revenue from property taxes than last year's budget by an amount of $292,343," described on the agenda as a 13.2% increase compared with the prior year. The agenda also states the portion of that revenue coming from new property on the tax roll this year is $147,211.
The council opened and closed a…
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