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Council receives preliminary FY25‑26 budget, accepts tax calculations and schedules hearings; proposes 0.505 tax rate

5567093 · August 12, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council received the town manager's preliminary FY25‑26 budget, accepted county‑certified tax calculations and set the proposed property tax rate and public hearings for September 16; motions on tax calculations and scheduling passed unanimously.

Prosper’s Town Council received a transmittal of the town manager’s preliminary budget for fiscal year 2025–26 on Aug. 12 and acted on related tax‑rate procedural items required by state law.

Finance staff presented highlights of the town manager’s preliminary budget, including proposed personnel additions (20 new positions overall, with the largest increases in public safety and the phased staffing of a new fire station), fund transfers and proposed user‑fee changes. Chris Landrum (finance) reviewed revenue drivers and…

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