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Percival council raises 2026 real-estate tax to 21.2¢, citing budget shortfalls
Summary
The council adopted Ordinance No. 26-03-02 to set the 2026 real-estate tax rate at 21.2¢, an increase of 2.0¢ from 19.2¢. Staff said each penny corresponds to about $219,000 in general-fund revenue; council described the increase as necessary to plug recurring budget gaps created by prior changes.
The Percival Town Council voted to adopt an ordinance setting the 2026 real-estate tax rate at 21.2¢ (Ordinance No. 26-03-02), up from 19.2¢ the prior year. Staff explained that each penny on the rate equals roughly $219,000 in revenue and that a 2¢ increase would produce about $438,000 to help close recurring gaps in the general fund.
Council members said the town faces structural revenue shortfalls stemming from prior decisions—including equalizing the tax rate last year and eliminating a vehicle license fee—and that the change is intended to shore up reserves and cover recurring costs. The motion carried on a roll-call; council recorded approval after discussion about timing and need.
