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Temple City Council unanimously approved the fiscal 2026 budget and a property tax rate of $0.6999 per $100 valuation. The budget raises $11,689,227 more in total property taxes than last year, a 20.95% increase, including $3,450,556 from newly added property.
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The approved tax rate is 13.92% higher than the prior rate and includes $0.3754 for maintenance and operations and $0.3245 for debt service. Council also approved the fiscal 2026 operating and capital budgets, related financial policies, the tax roll, and utility system fees effective October 1, 2025. Third-quarter fiscal 2025 financial results were also approved.
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