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Lubbock City Council adopts FY2025–26 budget on first reading and sets tax rate at 47.2191¢
Summary
On first reading the Lubbock City Council adopted an amended FY2025–26 budget and approved a tax rate of 0.472191 per $100 valuation (a 2.2% increase). Council approved a package of revenue moves and modest spending cuts to reduce the originally proposed 3.77% increase.
The Lubbock City Council adopted an amended FY2025–26 budget on first reading Tuesday and set a proposed property tax rate of 0.472191 per $100 valuation, a 2.2% increase over the previous rate.
The action followed public hearings on the operating and capital budgets and extended council debate. Resident Michael Ward urged the council to find additional cuts and questioned transfers from stormwater and other funds. City Manager Jared Atkinson presented the budget and tax-rate options, explaining that the proposed rate of 0.479365 per $100 valuation was built from two parts — maintenance and operations and an interest-and-sinking component — and that a half‑penny shift from I&S into M&O is treated as part…
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