Colleyville council adopts FY2026 budget, sets tax rate, funds five‑year CIP and approves multiple ordinances

The Colleyville City Council on Sept. 16 adopted the city’s fiscal 2026 budget, set an ad valorem tax rate of $0.311931 per $100 of valuation, approved a five‑year capital improvement plan (CIP) funded with cash, and approved a package of ordinances and agreements, including a negotiated settlement with Atmos Energy that the council and staff say reduces a larger requested increase.

The budget ordinance, approved 7–0, covers the fiscal year starting Oct. 1, 2025; the council also adopted Ordinance O‑25‑2‑343 setting the tax rate at $0.311931. Assistant City Manager Mark Wood summarized the CIP and the budget and said the first‑year CIP totals $33,601,488 and the five‑year program totals about $112,000,000, all planned to be paid from available cash. “All these numbers here are in the black, all paid for in cash,” Wood said of the CIP.

Why it matters: The budget, tax rate and CIP set the city’s near‑term spending priorities and capital projects — including streets, drainage, parks, water system repairs and a library makerspace — and establish how those projects will be financed. The Atmos settlement affects natural‑gas customers’ monthly bills in Colleyville.

Most important actions and outcomes - Budget and tax rate: The council approved the FY2026 budget and set a combined rate of 0.311931 per $100 valuation (M&O 0.294232; I&S 0.017699). Staff said the proposed city revenue increase is about $880,000 compared with the prior year; council approved the budget and tax levy 7–0.

- Five‑year Capital Improvement Plan (CIP): The council approved adoption of the FY2026–2030 CIP as part of consent actions and then received a staff presentation. Staff described the CIP as a planning document; individual projects will return for council…