Cedar Park council sets maximum 2026 tax rate, reviews $215.2 million proposed budget and schedules public hearings

Cedar Park city staff on Aug. — presented the proposed fiscal year 2026 budget and asked council to set a maximum property tax rate and public hearing dates required by state law. Finance staff recommended a proposed maximum tax rate of $0.36 per $100 of taxable value and two public hearings, and council voted to set that rate and the hearing dates.

Erica Solis of the finance department told council the total proposed FY2026 budget is $215,200,000, with a general fund of $82,900,000 and a utility fund budgeted at $45,000,000. Property tax is projected to be 40% of budgeted resources, with sales tax at about 30%. Solis described the two components of the tax rate — maintenance and operations (M&O) and interest and sinking (I&S) — and said the proposed M&O portion is 0.193554 and the I&S portion 0.166446, for a combined proposed…