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Public Hearing: Consideration of an Ordinance Adopting the FY 2025-2026 Operating Budget.
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ADMINISTRATIVE COMMENTS:
In accordance with state law and the City Charter, a public hearing is being held on the proposed FY 2025-26 budget (available on the homepage of the City’s website and in the City Manager’s Office) to provide an opportunity for public input. The proposed budget includes changes made by City Council at the budget workshop held on August 9, 2025. New to the budget adoption process this year is Texas Government Code Section 551.043(c), which took effect September 1, 2025. This statute requires that the public notice of a meeting at which a governmental body will discuss or adopt a budget must include a taxpayer impact statement that includes a comparison of the median-valued homestead property tax bill in dollars for the current fiscal year to an estimate of the property tax bill for the same property for the upcoming fiscal year if the proposed budget is adopted, as well as a balanced budget funded at the no-new-revenue tax rate. For the Lewisville median home value of $383,444, the City portion of the property tax bill in the current fiscal year is $1,619.80. This same property would owe $1,606.66 if the FY 2026 proposed budget is adopted or $1,570.84 if the budget was funded at the no-new-revenue rate. Texas Local Government Code Section 102.007 requires City Council to take action on the proposed budget at the conclusion of the public hearing. Approval of this ordinance adopts an operating budget for these funds beginning October 1, 2025 and ending September 30, 2026.
RECOMMENDATION:
That the City Council approve the ordinance as set forth in the caption above.