File #: 25-4215    Version: 1 Name:
Type: Agenda Item Status: Regular Hearing
File created: 7/31/2025 In control: City Council
On agenda: 8/9/2025 Final action:
Title: Acceptance of the Report Identifying the Calculation of the 2025 No-New-Revenue and Voter-Approval Tax Rates, Authorization to Publish Notice as Required by the Texas Tax Code Section 26.061 and provide direction as to the calculation of the voter-approval tax rate.
Attachments: 1. Staff Memorandum - 2025 Tax Rates - 08.09.pdf, 2. NNR-VAR - Rate Calculation - 2025
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Acceptance of the Report Identifying the Calculation of the 2025 No-New-Revenue and Voter-Approval Tax Rates, Authorization to Publish Notice as Required by the Texas Tax Code Section 26.061 and provide direction as to the calculation of the voter-approval tax rate.

 

request

ADMINISTRATIVE COMMENTS:

 

Section 26.061 of the Texas Tax Code requires that the calculated no-new-revenue tax rate and voter-approval tax rate be submitted to the Council and that a notice of calculated no-new-revenue tax rate and voter-approval rates be published in a newspaper having general circulation in the county in which the municipality is located.  The calculated rates are as follows: 2025 No-New-Revenue Tax Rate - $0.409667, 2025 No-New-Revenue Maintenance and Operation Rate - $0.286657. The 2025 Debt Rate and 2025 Voter-Approval Rate to be published will be determined after City Council deliberation.  The preliminary Debt Rate for 2025 is $0.122320, and the preliminary Voter-Approval Rate for 2025 is $0.419009.

 

RECOMMENDATION:

 

That City Council accept the preliminary report identifying the calculation of the 2025 no-new-revenue and voter-approval tax rates and authorize the notice publication as required by the Texas Tax Code Section 26.061.