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Bedford council adopts FY2025–26 budget, approves 50% TMRS COLA and voter‑approval tax rate
Summary
The Bedford City Council adopted a $2025–26 budget, approved a 50% TMRS cost‑of‑living adjustment for retirees and set a voter‑approval tax rate of $0.526212 after public comments urging higher retirement COLA and council debate over funding sources.
The Bedford City Council on Sept. 9 adopted the city’s fiscal year 2025–26 budget, approved a 50% cost‑of‑living adjustment (COLA) for retirees in the Texas Municipal Retirement System (TMRS) and set the voter‑approval tax rate at 0.526212 per $100 of assessed value.
Council members said the budget balances employee pay increases and operational needs while identifying one‑time and ongoing funding changes. Finance Director Brady Olson said the adopted plan includes a 3% COLA for active employees, consolidations of several funds and proposed transfers to keep recurring revenues above recurring expenditures.
The vote followed public testimony urging stronger retirement and retention measures for public safety staff. “Do you want the turnover to continue and have 5 year officers…
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