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Council updates purchasing policy to match state law, adopts FY2025–26 budget and sets tax rate

City of The Colony City Council · September 2, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The council updated its purchasing policy to reflect the state's SB1173, which raised the formal-bid threshold from $50,000 to $100,000; the council also adopted the FY2025–26 budget and approved a tax rate not to exceed $0.63 per $100 of valuation, following required statutory language.

City staff presented three linked items at the Sept. 2 meeting: a purchasing-policy amendment to reflect SB1173, adoption of the fiscal-year 2025–26 budget, and a statutory tax-rate motion required by state law.

Purchasing policy: Joe Orem and finance staff explained SB1173, enacted the prior day, increases the dollar threshold triggering a formal advertised bid from $50,000 to $100,000. Staff told council informal competitive processes and documentation for purchases under…

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