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Manvel council keeps tax rate at $0.56, approves $2M fund-balance transfer to fund supplementals and 12 new positions
Summary
Manvel City Council directed staff to keep the tax rate at 56¢ and to pursue a $2,000,000 transfer from fund balance to pay supplemental projects and fund 12 prioritized staff positions; council left open the option of a midyear $1M transfer after hurricane season.
Mayor Dan Davis and city staff presented the fiscal year 2025–26 budget options and the council on Tuesday gave preliminary approval to keep the property tax rate at $0.56 per $100 of assessed valuation while authorizing a separate $2,000,000 transfer from the general fund balance to cover supplemental capital items and staffing priorities.
City manager Dan (staff) and finance staff Rosie reviewed tax-rate scenarios (56¢, 57¢, 58¢) and presented two fund-balance options: $2,000,000 and $3,000,000. Staff said either transfer would fund the supplemental items identified by department directors; a $3,000,000 transfer could additionally cover an updated TMRS service-credit payment and come close to funding a proposed Heritage Park, which staff estimated at about $800,000. The budget packet listed the median homestead value in Manvel at $359,719;…
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