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Mansfield council adopts FY2026 budget, sets tax rate and approves major capital contracts
Summary
Council approved the FY2026 budget and a 0.639 tax rate, then unanimously authorized several capital project contracts including City Hall GMP2, Glen Abbey drainage, and Heritage Parkway South construction, totaling multiple millions in project funding.
Mansfield city council on Sept. 8 adopted its FY2026 budget, set the property tax rate and approved a slate of capital project contracts in a session that concluded with unanimous votes on the major items.
Troy Listina, the city's chief financial officer and deputy city manager, presented the budget and the five‑year capital improvement plan. The ordinance the council approved sets the FY2026 budget at $526,239,072. Staff described a proposed tax rate of 0.639 per $100 assessed valuation; Listina said the average homeowner would see a small net reduction in the dollar amount owed this year because of valuation changes. "This budget will raise more revenue from property taxes than last year's budget by an amount of $5,219,218, which is an 8.5% increase from last year's budget," Listina told council members during the presentation, and he later noted the proposed tax rate of 0.639 per $100 was adopted on the council floor.
Council then moved to several capital authorizations. Staff asked council to approve Guaranteed Maximum Price (GMP) 2 for vertical construction of the new City Hall project and to authorize funding not to exceed $38,665,921 for the vertical construction package; Kristin Petrie and the project team outlined prior GMP packages and contingencies before the council approved the resolution 7‑0. Petrie said the overall project budget stands at about $77.9 million with preconstruction and reserve allowances in place.
Council also approved procurement and funding for the Glen Abbey drainage improvements (amount not to exceed $535,334.10) and awarded the construction contract to Standard Site Utilities LLC; staff noted easement and alignment work had delayed the project but that the issues had now been resolved. In a separate set of actions the council authorized contracts totaling up to roughly $22.45 million for Heritage Parkway South construction within the Stable South Campus (primary contract to North Texas Contracting, with survey, testing and inspection subcontracts). Engineers told council the low bidder had advantages based on mobilization and prior work on adjacent campus infrastructure.
All motions on the budget, tax rate and capital contracts carried unanimously. Council members thanked staff for the work preparing the documents and for the continued transparency in the five‑year capital planning process. The meeting adjourned at 7:34 p.m.
