The Sugar Land City Council approved a $541.49 million budget and voted to increase its tax rate for fiscal year 2026-27.
The details: The budget, which passed in a 4-3 vote during a Sept. 15 City Council meeting, focuses on maintaining the high quality of life expected by residents, while also balancing financial responsibility, Director of Budget ShaLae Steadman said.
However, the budget is subject to change slightly since the council approved a tax rate during the meeting that was lower than the one originally proposed, which results in a $2.19 million decrease in revenue. City Manager Mike Goodrum said city staff will work on amending the budget to match the lower revenue.
What else: Council members went back and forth on the tax rate, but after negotiation, the council landed on a $0.371116 rate per $100 valuation, a 3.42% increase from last year's tax rate of $0.358827.
The rate results in an annual tax bill of about $1,371, an approximate $58.83 increase from last year or a $4.90 increase per month for a home with a median taxable property value of $369,495, city officials said in a Sept. 16 news release.