Centreville reviews FY26 budget, holds consensus on utility tax while leaving property rate for later

Centreville — The Centreville Town Council met in a March work session to review the draft FY26 operating and capital budgets, discuss tax and utility rates and to review capital requests and planned projects. Council members and staff discussed a draft property tax rate shown in the package, the town—s public utility tax, water and sewer rate ordinance and several capital projects, including design work for an expanded wastewater treatment plant.

Council staff told members the draft operating budget uses a property tax rate shown in the packet as 0.535 cents per $100 of assessed value. Staff said that constant-yield information supplied by state assessors for the area showed an unusually large assessed-value increase that raised the town—s constant-yield factor…