· Related development
FY2025/26 rate set at $0.43070 (5-0)
Council unanimously adopted a $0.43070 rate (from $0.38723), equal to the voter-approval rate; the no-new-revenue rate was $0.37355. The debt-service part went from $0.06856 to $0.09956 and the M&O part from $0.31867 to $0.33114. The budget notice states property-tax revenue rises $8,475,975 (11.77%).[1][2][3][4][5]
Cole StanleyLes SimpsonTim ReidDon TippsDavid PrescottLaura Storrs
What the sources say
- ✓ Verified
FY2025/26: rate $0.43070 ($0.33114 M&O, $0.09956 debt); no-new-revenue $0.37355; voter-approval $0.43070; prior rate $0.38723.[1][3]
- Rate per 100
- $0.43070 per $100
- Mo rate per 100
- $0.33114 per $100
- Is rate per 100
- $0.09956 per $100
- No new revenue rate per 100
- $0.37355 per $100
- Voter approval rate per 100
- $0.43070 per $100
- Prior rate per 100
- $0.38723 per $100
- ✓ Verified
From FY2024/25 to FY2025/26 the debt-service part went from $0.06856 to $0.09956 (+$0.03100) and the M&O part from $0.31867 to $0.33114 (+$0.01247).[3]
- Is change per 100
- $0.03100 per $100
- Mo change per 100
- $0.01247 per $100
- ✓ Verified
The FY2025/26 property-tax increase is stated as $8,475,975 (11.77%) in the budget notice, $8.4 million (11.77%) by the City release, and nearly $8.5 million by NewsChannel10; the hearing notice's total levy on all properties rises $7,648,192 (10.58%).
Reported value 1[3]
- Levy change
- $8,475,975
- Levy change
- 11.77%
- New property
- $1,245,224
LGC 102.007 budget notice: revenue from property taxes vs last year's budget
Reported value 3[4]
- Levy change
- $8,500,000
- Comparator
- approximately
NewsChannel10 ('nearly $8.5 million')
Reported value 4[1]
- Levy total prior
- $72,268,651
- Levy total
- $79,916,843
- Levy change
- $7,648,192
- Levy change
- 10.58%
Truth-in-taxation hearing notice: total tax levy on all properties, 2024 vs 2025 tax year
- ✓ Verified
The 2025 hearing notice estimates City tax on the average homestead going from $838.28 to $975.36 (+$137.08, 16.35%), with average homestead taxable value rising from $216,481 to $226,040.[1]
- Prior
- $838
- Amount
- $975
- Change
- $137
- Change
- 16.35%
- ✓ Verified
The FY2025/26 budget and tax rate were adopted unanimously (Mayor Cole Stanley; Councilmembers Tim Reid, Don Tipps, David Prescott, Les Simpson) on Sept 16, 2025.[2][3][1][4]
- For
- 5
- Against
- 0
- ✓ Verified
Mayor Cole Stanley: "The money is there, it's now stewardship."[4]
- ✓ Verified
Councilmember David Prescott: "Costs have gone up, they're going up in areas that we never expected."[4]