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Lewisville holds public hearing on proposed FY2025–26 budget; tax rate proposed to drop to 18¢
Summary
Town manager presented a proposed $8.056 million general fund budget and a 3.7¢ cut in the property tax rate to 18¢ per $100 valuation; council held a public hearing and scheduled a final vote for June 12.
The Town of Lewisville held a public hearing on the proposed fiscal year 2025–26 budget, during which the town manager presented a $8,056,278 general fund budget and said the proposal reduces the property tax rate from 21.7¢ to 18¢ per $100 of assessed value.
The budget hearing opened with the manager explaining the proposal and the schedule: the final budget message and the council’s final vote are set for the council’s regular meeting on June 12. Resident Brady Allen (2065 Glenferrie Court) spoke in favor of the council’s work on the budget, saying, “I particularly appreciate how the council worked together to bring down the tax rate from the originally proposed by the manager 19 cents per hundred dollar valuation to the even 18¢ per hundred dollar valuation.”
Why this matters: the proposed decrease in the…
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