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Little Elm council ratifies tax‑revenue increase, adopts $200M‑plus budget and sets 2025 tax rate
Summary
Council ratified a revenue-increasing property tax action, adopted the fiscal 2025–26 budget (Ordinance 18-22) and fixed the 2025 tax rate (Ordinance 18-23), setting a total rate of 0.549901 per $100 of assessed value.
The Town of Little Elm council ratified a property-tax revenue increase, adopted the town’s fiscal 2025–26 budget and approved the tax rate that funds general operations and debt service.
Sharell Evans Jones, Director of Finance, presented four linked items: the required public hearing on the proposed tax rate, ratification of the property‑tax revenue increase, adoption of the fiscal year 2025–26 budget and levying the tax. Evans Jones said the proposed tax rate of 0.549901 per $100 of assessed value would raise about $1.7 million more than the prior year, an increase in revenue of about 4.35 percent, which triggers a required ratification under state…
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