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I -TES A S <br />Whem Towns Reach Higher <br />Memorandum <br />TO: Mayor, Mayor Pro Tem, City Council <br />Introduction <br />It is with great satisfaction that I present the City Manager's Proposed Fiscal Year 2025/2026 ("FY25/26") Bud <br />and Budget Message. This document reflects the hard work and collaboration of many individuals across <br />rganizatin. o <br />Countless hurs oo have gne intits careful review, refinement, and discussion resulting in <br />comprehensive and thoughtful proposal that we are proud to bring forward for your consideration. <br />I <br />oo <br />Summary <br />V, <br />results regarding the Property Tax Levy and Rate, as well as the balancing of the Operational Funds. <br />r,?Ie WAW?M7PjkTX-0"AW <br />property tax is divided into two components: the Maintenance & Operations (1\4&0) rate and the Debt Service r IT <br />iit <br />Debt -Service rate is not. <br />I I K <br />gnu <br />Fasct VIT UF UE M ITFLE MICE <br />apparatus, dive boat, SWAT van, and a tractor for the Codes Department. The combined proposed property tax rate <br />for FY25/26 (M&O and Debt Service) is 0.47239. Final rates are influenced by property valuations determined by <br />the Lamar County Appraisal District. <br />I <br />0 ... . ........... .. . <br />g/ <br />/�// . ..... pp-m/a/ <br />rrrEME11106111111, INNINN/00rii <br />WE . .. . ......... 1�?Ie�'Ilglll�"1111 <br />P T <br />0A <br />2/1' <br />