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Victoria council adopts $255.1 million budget and sets 2025 property tax rate at $0.479
Summary
On first reading the Victoria City Council approved a $255,078,343 fiscal 2025–26 budget and set the 2025 property tax rate at $0.479 per $100 after debate and a failed amendment to raise the rate to 0.482; staff said the budget reflects a $1.2 million bond‑redemption program and modest revenue and hiring adjustments.
The Victoria City Council approved on first reading a $255,078,343 budget for fiscal year 2025–26 and set the 2025 property tax rate at $0.479 per $100 of valuation after a lengthy debate on how to balance services and future needs.
City Manager Garza, presenting the proposal, told the council the packet reflects changes since the August draft, including a bond redemption program represented as two transactions totaling $1,200,000 and adjustments that reduce projected revenue by roughly $161,000 while trimming just over $100,000 in expenditures and delaying some new…
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