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Council sets proposed tax rate below no-new-revenue figure and schedules budget hearings
Summary
Council set a proposed FY2026 tax rate (0.497841 per $100) that remains below the no-new-revenue and voter-approval rates after staff accounted for a corrected certified roll from Tarrant Appraisal District; two public hearings were scheduled and adoption placed on Sept. 8.
City finance staff told the council that the Tarrant County Appraisal District provided a corrected certified roll that slightly altered the city's "no-new-revenue" calculations; after recalculation staff said the proposed tax rate for fiscal year 2026 remains below both the recalculated no-new-revenue rate and the voter-approval threshold.
Trudy Lewis…
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