Fort Worth City Council approved its budget and the ad valorem tax rate for fiscal year 2026-27, which starts Oct. 1.
What happened? The total $4.35 billion budget was passed unanimously, but the ad valorem tax rate passed by a 7-4 vote with Charlie Lauersdorf, Chris Jamieson, Michael D. Crain and Macy Hill voting against it. Lauersdorf and Jamieson represent northeast Fort Worth in districts 4 and 10, respectively.
The tax rate will be $0.70565 per $100 of appraised valuation, a 5.26% increase. The owner of a home valued at the city average of $232,925 will see their tax bill decrease by $8.19 to $1,643.64 annually. The decrease is due to lower estimated home values, according to the presentation.
What you need to know: The operating budget for FY 2026-27 is $3.33 billion, an increase of 10.81%, according to a news release. Several programs slated for reduction or cuts were restored following guidance from City Council in past meetings.
That includes the Alliance PetSmart Charities Adoption Center at 2901 Texas Sage Trail, restored employee positions to avoid service-level issues and employee pay-for-performance increases in the 4%-4.5% range, which will be paid in April 2027.