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Germantown adopts FY 2026 budget, approves $1.79 property tax rate and up-to-$500,000 pension contribution
Summary
At its June 23 meeting the Germantown Board of Mayor and Aldermen adopted the FY 2026 operating and capital budgets, set a certified property tax rate of $1.79 per $100 assessed value and approved a year-end pension transfer of up to $500,000 contingent on general fund revenues.
Germantown’s Board of Mayor and Aldermen approved the city’s FY 2026 operating and capital budgets and set a certified property tax rate of $1.79 per $100 of assessed value during their regular meeting on June 23.
The budget vote followed the third and final reading of Ordinance 2025-3. City Finance Director Royalls summarized the process and highlighted the central budget decision: "Our most difficult decision this year was increasing the tax rate," he said, noting the action responded to a reappraisal year and rising costs for debt service, pensions and infrastructure.
The adopted FY 2026 spending plan incorporates a rollback required by state law after reappraisal and an additional deliberate increase of 29.13¢ to reach the $1.79 rate. The board also approved a…
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