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Richardson holds public hearing on proposed 2025-26 tax rate, staff previews budget and fee changes
Summary
Council held the first public hearing on a proposed tax rate of 0.54218 per $100 and reviewed the FY 2026 budget, including proposed water/sewer and drainage fee changes and planned personnel and capital investments.
The Richardson City Council held a public hearing Sept. 4 on a proposed property tax rate of 0.54218 per $100 valuation and heard a department-level review of the proposed FY 2026 budget and associated fee changes.
City staff presented the budget framework tied to the proposed tax rate and described planned operating and capital expenditures, staffing adjustments, and utility fee proposals. The presentation detailed revenue assumptions, projected changes to major funds and the planned next steps in the budget adoption schedule.
Why it matters: The property tax rate and related fee adjustments fund public safety, infrastructure, utilities and community services. The council’s decisions will shape the city’s FY 2026 spending, staffing and capital plans.
Finance Director Todd Gastroff and Assistant/Finance staff walked the council through the assumptions underlying the proposed tax rate and budget. The certified tax roll showed a small certified…
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