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Lewisville council adopts balanced $8 million FY 2025–26 budget with lower property tax rate
Summary
The Town of Lewisville council approved the fiscal year 2025–26 budget that reduces the town property tax rate from 21.7¢ to 18¢ per $100 valuation, increases capital reserve contributions and maintains funding for several capital projects.
The Town of Lewisville adopted its fiscal year 2025–26 budget on a unanimous vote after a public presentation and council discussion.
Town Manager Stacy Tolbert presented the proposed budget, saying the plan “will allow us to maintain current service levels, fund reserves, plus allow us to continue working on projects currently authorized by town council.” The council approved Ordinance 2025-001 to adopt the budget as presented.
The proposed general fund budget is $8,000,000 and is balanced using $234,844 in fund balance; Tolbert said the package represents an 11.55% increase over the previous year. The ordinance reduces the town…
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