Public Hearing and Introductory Ordinance for the adoption of a tax rate of $0.506080 per $100.00 of value for Tax Year 2026. The tax rate will provide revenue for the general fund and debt service. The rate includes $0.380253 per $100 of value for Maintenance and Operation and $0.125827 per $100 of value for the Interest and Sinking Fund of the Debt Service and is estimated to generate a tax levy

Staff Report & Agenda Item Details

Public Hearing and Introductory Ordinance for the adoption of a tax rate of $0.506080 per $100.00 of value for Tax Year 2026. The tax rate will provide revenue for the general fund and debt service. The rate includes $0.380253 per $100 of value for Maintenance and Operation and $0.125827 per $100 of value for the Interest and Sinking Fund of the Debt Service and is estimated to generate a tax levy of $140,577,516. The City Council is scheduled to vote on the tax rate on September 21, 2026, at 5:30 P.M. at City of Laredo, Council Chambers, 1110 Houston St., Laredo, Texas 78040. Taxpayer Impact Statement (Required by HB 1522): FISCAL YEAR FISCAL YEAR 2025-2026 2026-2027 DESCRIPTION CURRENT YEAR PROPOSED ---------------------------------------------------------------------------------------------------- Total Tax Rate (per $100 of value) $0.506090 $0.506080 Median Homestead Taxable Value $194,727 $209,899 Tax on Median Homestead $985.49 $1,062.26

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.9/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).