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Bonham council previews FY2026–27 budget using de minimis tax rate
Summary
City staff presented a FY2026–27 budget that holds the tax rate at the de minimis level of $0.66 per $100 taxable value, includes a 2% cost-of-living increase and projects a $4.69 million fund balance (or $2.50 million including EMS). Council set hearings to finalize the budget and tax rate.
Mayor Allen Sanderson called a special Bonham City Council meeting to review the proposed FY2026–27 budget, with City Manager Sean Pate and Director of Administrative Services Sarah Osburn outlining revenue and cost pressures facing the city. Osburn presented a budget that "is using the de minimis rate of $0.66 per $100 taxable value, provides a 2% cost of living adjustment, impacts health insurance coverage and combines with an increased cost to staff, supports public safety personnel and staffing standards, and maintains the fund balance."
