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Midland staff propose lower FY26 property tax rate; public hearing to be set
Summary
City staff presented a FY26 budget that proposes reducing the property tax rate while funding priority investments in roads, water, public safety and parks; a resolution to set a public hearing on the ad valorem tax rate was on the agenda but the transcript does not record a final vote.
City staff presented a proposed FY26 budget that would lower Midland’s property tax rate while directing funds to water, roads, public safety and parks.
At a council meeting presentation, Christie Weekland, the city’s chief financial officer, said the proposal would set a tax rate of $0.347999 per $100 of assessed value and leave roughly $2.2 million in residents’ hands through what staff called a “Midland Citizen Fund.” Weekland also told council that the city’s general fund relies on sales and property taxes for roughly two-thirds of revenue and that property tax collections for the city are roughly $64 million this year.
Why it matters: staff…
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