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Bonham council adopts $12.79 million operating budget and sets tax rate at $0.55 per $100
Summary
The Bonham City Council on Sept. 8 approved the FY 2025–26 operating budget totaling $12,786,520 for the general fund and adopted a $0.55 per $100 tax rate (split $0.401600 general, $0.148400 debt), along with related budget amendments and routine approvals.
Bonham — The Bonham City Council voted unanimously Sept. 8 to adopt the citys fiscal year 2025–26 operating budget and to set the property tax rate at $0.55 per $100 of taxable value. Mayor H. L. Compton presided over the meeting at Bonham City Hall.
City Manager Sean Pate read the caption of the budget ordinance after a brief public hearing. Sarah Osburn, the citys Director of Administrative Services, told the council the numbers reflect the budget presented at the August workshop and that the most recent sales tax receipts had not yet been released. The adopted ordinance lists…
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