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Cedar Park council sets maximum tax rate, advances FY2026 budget process
Summary
Council set a proposed maximum tax rate of $0.36 per $100 of valuation and scheduled two public hearings as staff presented a $215.2 million proposed FY2026 budget that includes staffing and one-time capital requests including a $500,000 placeholder to update the comprehensive plan.
Cedar Park — The Cedar Park City Council on Monday set a proposed maximum tax rate of $0.36 per $100 of taxable value and scheduled two public hearings on the fiscal year 2026 budget, after a detailed presentation from the finance department.
Erica Solis of the finance department told the council the proposed fiscal year 2026 budget totals $215,200,000 and that the general fund portion is $82,900,000. "The proposed fiscal year 2026 budget is $215,200,000," Solis said during her presentation.
Solis outlined how the proposed tax rate is split into maintenance and operations (M&O) and interest and sinking (I&S) components. Staff recommended the voter-approval (M&O) rate included in the proposal of 19.3554¢ per $100 and an I&S rate of 16.6446¢, together producing the overall 36¢ proposed rate. Council approved a motion to set that maximum rate and to hold…
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