Irving City Council has adopted a $343.8 million General Fund budget for fiscal year 2026–27. The available budget information does not specify the municipal property tax rate.
The FY 2025–26 General Fund budget was $323.5 million. The City of Irving, Texas – City Hall confirmed the FY2026–27 budget, and Irving Weekly also covered the council's budget approval.
Individual tax bills are not addressed in the available budget information.
Homestead Exemption and Senior Relief
As part of the new budget, the city increased its residential homestead exemption, which under Texas Tax Code Section 11.13(n) allows local taxing units to offer up to 20 percent off a home's appraised value — the maximum percentage the state permits, according to the Texas Comptroller of Public Accounts. The cited information does not specify whether Irving offers that maximum 20 percent exemption to owner-occupants.
During the FY 2025–26 budget adoption, the local property tax exemption for seniors age 65 and older and disabled homeowners was increased to $60,000.
New Police and Fire Positions, Big Infrastructure Spend
Public safety staffing has been a recurring theme in Irving's recent budgets. The FY 2025–26 budget added 23 dedicated full-time police and fire positions as part of a broader General Fund expansion that included 32 full-time and 66 part-time municipal jobs, according to city budget data compiled through ArcGIS StoryMaps. The newly adopted FY27 budget continues adding public safety positions, building on that staffing push.
Infrastructure has also been a major line item. Irving's FY 2025–26 Capital Improvement Program allocated $213 million toward public safety, street maintenance, water, drainage and facility improvements, setting the baseline the city has continued to build on with the new budget cycle's infrastructure maintenance investments.
Credit Ratings and Transit Ridership
City officials point to Irving's continuous run of top-tier credit ratings as evidence of long-term fiscal discipline. The city has held dual Aaa and AAA ratings from Moody's Investors Service and S&P Global Ratings since 2007, according to background compiled by the National Institute of Standards and Technology.
Municipal transit also factored into the budget picture, although the available information here does not specify Irving's DART ridership for fiscal year 2026.
Penny's Budget Explainer Series
The city is rolling out an educational push to help residents understand the trade-offs behind the new numbers. Penny, the city's budget explainer character, will take residents on a journey through the new budget over the next couple of months, according to the City of Irving.
The budget adoption follows other recent local fiscal decisions affecting Irving taxpayers. Hoodline previously reported on a major school bond measure tied to tax rate and bond proposals for the Irving Independent School District, a separate but related pressure point on local property tax bills.
