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Texarkana adopts 2025 tax rate; board says street bond millage not yet applied
Summary
The board adopted the city's 2025 tax levy — 5 mills general, 1 mill library, 1 mill fire pension, 1 mill police pension and 2.5 mills debt service — and clarified the recently approved street-bond millage is separate and will not appear on bills until 2027.
The Texarkana Board of Directors on Dec. 2 adopted an ordinance levying the 2025 municipal tax rate, keeping the same millage levels as the prior year: 5 mills for general purposes, 1 mill for the library, 1 mill for the fire pension, 1 mill for the police pension and 2.5 mills for debt service.
Staff emphasized the 2.5 mills for debt service are part of the routine levy and clarified that the 2.5 additional mills approved for the street bond are not included in this ordinance and will not be effective until 2026; taxpayers will first see that bond millage on bills in 2027, staff said.
The ordinance was read in title on successive readings and adopted after no public speakers came forward. A roll-call vote recorded yes votes by all directors present.
During discussion, staff reiterated engineers are preparing cost estimates and timelines related to the street bond and that more detailed updates will be provided at upcoming meetings.
The ordinance was adopted by recorded vote; no immediate changes to individual tax bills were announced beyond the clarification on timing for the street-bond millage.
