|
College Station City Council approved a property tax increase and the city’s $576 million fiscal year 2026-27 capital budget after hours of discussion Aug. 27 about spending, inflation and the city’s financial outlook.
What you need to know: College Station’s new approved rate is $0.530254 per $100 valuation.
Council members Bob Yancy and David White raised concerns about the $576 million capital budget and tax increase. If the capital budget was passed, property taxes would account for 37% of the total budget, according to the city.
Going forward: The council approved the property tax increase in a 6-1 vote. For: Nichols, Smith, Wright, White, McIlhaney, Shafer Against: Yancy
The city’s FY27 capital budget passed in a 5-2 vote. For: Nichols, Smith, Wright, McIlhaney, Shafer Against: Yancy, White
The new tax rate and budget are expected to take effect Oct. 1.
|