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City manager: FY2025–26 budget planning shows $5 million projected surplus; property tax rate to remain at 75.5¢
Summary
City finance staff presented FY2025–26 forecasts showing a $5 million planning surplus in the general fund, large recurring efficiency savings, unchanged property tax rate, utility rate proposals focused on volumetric increases, and peer comparisons on debt levels.
City of Waco financial leaders presented the draft FY2025–26 operating and capital improvement budget during a June 17 work session, projecting a planned $5 million surplus in the general fund while recommending the property tax rate remain at 75.5 cents per $100 of assessed value.
Assistant City Manager and CFO Blue Kosteluk and Managing Director of Finance Colin Booth said the city expects $209.5 million in general fund revenue and about $204.4 million in expenses for the coming fiscal year, producing the…
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