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Taylor council reviews preliminary FY26 budget, proposes lower tax rate and no utility rate increases
Summary
City staff presented a preliminary fiscal 2025–26 budget that holds water and sewer rates steady, proposes a 58.5¢ city tax rate and relies on conservative sales-tax estimates while preserving reserves and seeking FEMA reimbursements for storm cleanup.
Taylor City Council staff presented a preliminary fiscal year 2025–26 operating plan at a special budget workshop on June 24 that keeps water and sewer rates unchanged and proposes a city property tax rate of 58.5 cents per $100 of assessed value while relying on conservative sales-tax projections.
City staff said the proposed operating budget assumes lower sales-tax receipts this year and conservatively sets aside $1 million of potential revenue tied to Samsung-related sales taxes; the set‑aside will only be spent if those revenues materialize. The presentation said reserves remain healthy after several years of…
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