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Wylie adopts FY 2025–26 budget and raises property tax rate to 0.543438 per $100

5682468 · August 26, 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

Wylie city council on Aug. 26 adopted a $ fiscal year 2025–26 budget and set the property tax rate at 0.543438 per $100 assessed valuation, approving the budget and the tax ordinance in separate votes required by state law.

Wylie city council on Aug. 26 adopted the fiscal year 2025–26 budget and set the property tax rate at 0.543438 per $100 assessed value, a vote that followed public comment and extensive council discussion about public safety, staffing and city services.

Budget and tax actions: the council adopted Ordinance No. 2025‑32 (the FY 2025–26 budget) by a 5–0 vote. Separately, under state law the council voted to ratify the property tax revenue increase reflected in the adopted budget and held a public hearing on the proposed tax rate. The council then adopted Ordinance No. 2025‑33 to fix the tax rate at 0.543438 per $100 (a recorded vote required because the proposed rate exceeds the no‑new‑revenue rate); the ordinance passed 5–0.

What the rate means: Finance staff said the proposed rate is the voter‑approval rate and represents an increase of 0.009137 from the current tax rate — a little under one cent per $100 valuation. The finance director and city manager told council that the increase funds an average 3% merit pool for staff, a 4% step plan for public safety pay,…

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