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Taylor staff outline FY2026 budget; council sets proposed maximum tax rate at 58.5¢
Summary
Finance staff presented the proposed FY2026 budget and recommended adopting a ceiling at the voter‑approval tax rate of $0.585 per $100 valuation; council set Sept. 10 for public hearings. Staff warned a large part of recent valuation growth is one‑time use tax from major projects.
Robert Powers, Taylor’s finance director, described the city manager’s proposed FY2026 budget and the calculations behind a proposed tax‑rate ceiling during the Aug. 14 council meeting.
Powers said the city’s certified appraisal valuation exceeds $4.5 billion as of January 2025, a dramatic increase driven largely by nearby industrial development. He noted the “no‑new‑revenue”…
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