The Lewisville City Council is slated to hold a public hearing for the proposed Fiscal Year 2025-26 budget, set for next Monday, Sept. 8, during their usual meeting at the Council Chambers, located at 151 W. Church Street. The draft budget, tipping the scales at $142 million for the General Fund operating budget, features a proposal to lower the property tax rate to .419009 per $100 valuation, a rate not seen in more than three decades.
In a shift that reflects the changing tides of the city's fiscal strategies, the budget also proposes a hike in utility rates by 7.4 percent, which stands as a balance to the significantly reduced property tax rate, one of the lowest amongst its North Texas neighbors. Those interested in the specifics of these financial adjustments have the opportunity to be heard during another public hearing about setting the property tax rate, scheduled for the following Monday, Sept. 15, at the same locale.
For citizens looking to get a head start on understanding the budgetary blueprint, the proposed budget document has been made available for public review. It can be found on the Annual Budget page of the City of Lewisville's official website, as well as at the City Secretary's Office, or at the Lewisville Public Library, where it sits during regular hours, inviting residents to delve into the financial fabric of their community.
