Katy City Council approved its fiscal year 2026-27 budget along with lowering the city’s tax rate.
The overview: At a Sept. 28 meeting, Katy City Council unanimously approved $90.5 million in expenditures and $90.4 million in revenues for the city's FY 2026-27 budget with a focus on public safety, infrastructure, quality-of-life capital projects, managing growth and staffing, according to agenda documents.
Additionally, the council lowered the city’s property tax rate to $0.42 per $100 valuation with maintenance and operation expenditures valued at $0.369939 per $100 valuation and the interest and sinking fund at $0.050061 per $100 valuation.
A closer look: The budget includes $68.7 million for the city’s general fund with $16.4 million of the general fund for the operating and personnel expenses for the police department and $11.7 million for the operating and personnel expenses for the fire department.
There is also $14.6 million in capital improvement projects allocated from the general fund to the capital reserve fund.