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Abilene council adopts revised 2026 budget and sets tax rate at $0.7506; one councilor dissents
Summary
The City Council adopted the revised fiscal year 2026 budget and set the property tax rate at $0.7506 per $100 valuation (below the voter‑approval rate); Councilman Blaise Reagan voted no on the budget and tax rate motions while the remainder voted yes.
The Abilene City Council on Aug. 11 approved final readings on the revised fiscal year 2025 budget, the proposed 2026 budget and associated tax rate and fees after a lengthy public hearing and debate about the no‑new‑revenue rate and municipal priorities.
Marjorie Knight, finance director, presented final numbers: the revised 2025 total expenditures remained at $366,014,742 with an ending fund balance of $91,875,613. For fiscal year 2026, staff recommended a revised expense budget of $371,450,844 with an ending fund balance of about $90,800,000. Knight said the appraisal district…
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