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Northlake council sets proposed 29.5-cent tax rate, delays final budget vote to Aug. 21
Summary
Council approved a resolution proposing a 29.5-cent tax rate and voted to continue formal adoption of the FY2025–26 budget to a special meeting on Aug. 21; staff warned capital plans assume up to $32.4 million in debt and a $83.4 million capital program.
The Northlake Town Council on Aug. 14 approved a resolution setting a proposed tax rate of 29.5 cents per $100 valuation and voted to continue formal adoption of the fiscal year 2025–26 budget to a special meeting on Aug. 21.
Town budget director Thompson, who delivered the staff briefing, said the town’s operating revenues are approximately $52.1 million against operating expenditures of about $52.0 million — a modest surplus that reflects the town’s conservative budgeting approach. "We are almost at the finish line," Thompson said as he summarized operating versus…
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