Fair Oaks Ranch City Council is one step closer to approval of the fiscal year 2025-26 budget and tax rate following a Sept. 15 special meeting and public hearing.

Breaking it down

Director of Finance Summer Fleming said that there is a projected $583,987 change in revenue in the FY 2025-26 budget compared to FY 2024-25. Fleming said a $744,137 increase in operating expenditures is projected for the fiscal year.

Despite the increases, the general fund, which covers city operations and staff salaries, is expected to be balanced at the end of the fiscal year.

City Council also held a public hearing and first reading of an ordinance for the FY 2025-26 tax rate, $0.28530 per $100 valuation. This rate is unchanged from the previous year.

For the average homeowner, the tax bill will inc

See Full Page