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Corcoran council adopts 2026 property tax levy after public hearing; 4-1 vote
Summary
After a Truth in Taxation public hearing, the Corcoran City Council adopted the 2026 budget and final property tax levy, reducing a previously set not-to-exceed levy from 30.11% to a proposed 16.97%; council approved the resolution 4–1 following resident testimony about affordability.
Corcoran 9 City Council voted 49to91 to adopt the 2026 budget and final property tax levy after a public hearing in which residents raised concerns about affordability.
Jay, a city staff presenter, walked the council and public through the budget timeline and said the administration had reduced the not-to-exceed levy set in September (30.11%) to a proposed levy increase of 16.97% based on updated revenue and expenditure data. He said debt service accounts for roughly 15.89% of the budget and cited a proposed overall city tax rate of 44.034% if all changes are adopted.
The presentation included examples to show how the levy and tax rate affect individual…
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