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Highland Village adopts FY2025–26 budget; council conducts first read of tax ordinance
Summary
Council adopted the fiscal year 2025–26 budget on a unanimous record vote and held the first read of the tax ordinance that would set the ad valorem tax rate at 0.500984; staff presented budget highlights including a 3% employee pay increase, additions to public safety and street equipment, and an estimated 32% fund balance for FY2026.
The Highland Village City Council on Sept. 9 adopted the fiscal year 2025–26 budget on a unanimous record vote and held a first reading — also approved unanimously — of an ordinance levying ad valorem taxes at a rate of 0.500984 per $100 of assessed valuation.
City staff presented the manager’s recommended budget and opened a public hearing; no members of the public spoke during the hearing. Staff said local assessed valuations increased 4.2% this year to just over $3.5 billion, which staff said translates to approximately $760,000 in additional revenue. The proposed tax rate on the agenda was 0.500984, compared with the prior…
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