Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Denton trustees adopt 2025–26 budget, set tax request for next year
Summary
The Village of Denton Board of Trustees approved the fiscal 2025–26 budget and formally set a tax request of $80,922.95 for the General Fund and $33,000 for the Bond Fund. The board noted a 12% rise in property valuation and said the village remains below the state levy limit.
The Village of Denton Board of Trustees approved the 2025–26 budget after a public hearing and set the formal tax request at $80,922.95 for the General Fund and $33,000 for the Bond Fund. Trustees present voted unanimously; one trustee was absent.
During the hearing the board noted the overall property valuation increased 12% this year, outstanding bond indebtedness of $234,611, and a $113,922.95 request figure referenced for 2025–26. The transcript lists the village tax rate as 0.482684 and recorded that the state levy limit is $0.50 while the Village of Denton’s levy stands at $0.34, which the board said is below the statutory cap. No public comments were offered during the hearing and the board closed the public hearing before voting to adopt the budget as presented.
The action follows the formal adoption of Resolution 25-9-1 to set the tax request for fiscal year 2025–26. The board’s approval authorizes municipal spending levels and the tax request that will be certified to county officials for levy calculations.
