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The Colony unveils $161 million preliminary budget, proposes half‑cent tax cut; public hearing set
Summary
City Manager Tim Miller presented a $161 million all‑funds preliminary FY2025–26 budget that trims capital spending, keeps two new staff positions and proposes a half‑cent tax‑rate reduction; council opened and closed public hearings and set the tax‑rate vote for Sept. 2, 2025.
City Manager Tim Miller presented the City of The Colony’s preliminary FY2025–26 budget on the council’s regular meeting, outlining a $161 million all‑funds plan and a proposed half‑cent reduction in the city tax rate (from 0.635 to 0.63 per $100 valuation).
Miller said the administration used a zero‑based budgeting approach this year, reviewing every line item and trimming capital requests to roughly 30% of prior submissions. Key revenue figures included a projected…
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