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Council leans to 0.42 tax rate as staff refines utility, capital and financing plans
Summary
Council members told staff they are comfortable targeting a 0.42 ad valorem rate for FY26 operations while directing staff to sharpen utility fund expense projections, examine financing for a vac truck, and refine the CIP funding mix between reserves, impact fees and previous bond proceeds.
Lago Vista council members signaled support for a 0.42 ad valorem tax rate for the coming fiscal year while asking staff to tighten expense estimates and identify funding sources for major utility and capital projects.
At a budget workshop, finance staff presented a revised “operational” budget that removed one‑time capital purchases to make recurring revenues and expenses clearer. Council members said the 0.42 rate appears sufficient to cover general‑fund operations when large asset purchases are treated separately in the CIP. Several council members and staff emphasized, however, that the city faces larger long‑term needs in the utility fund (water and wastewater) and that those projects — some running into millions of dollars — require careful funding choices, including impact fees, bond proceeds and targeted financing.
Key budget and…
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