Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Waco adopts $649.8 million operating budget and ratifies 0.755 tax rate for FY 2025-26
Summary
The Waco City Council on Sept. 2 approved the fiscal year 2025-26 operating budget and capital improvements program and ratified a property tax rate of 0.755 per $100 valuation, with separate votes on three Baylor-related budget items after a council member filed an affidavit of substantial interest.
The Waco City Council on Sept. 2 adopted the fiscal year 2025-26 operating budget and capital improvements program and ratified a property tax rate of 0.755 per $100 valuation.
The adopted FY 2025-26 operating revenues are $652,449,670 and operating expenses are $649,799,728. The capital improvements program budget is $134,151,820. The ratified tax rate of 0.755 per $100 valuation consists of 0.5845 per $100 for maintenance and operations and 0.1705 per $100 for debt service; council noted the rate is higher than the “no new revenue” rate but lower than the voter-approval tax rate. Under Texas law, because the budget raises more property-tax revenue than last year, council conducted a separate record vote to ratify the property tax increase.
Council voted separately on three line items after Council Member Bordereau filed an…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
