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The city is proposing a new budget that includes changes to property taxes and utility rates. This will determine how much you pay for city services next year.
At a glance
Rising — being discussed more frequently. 2 mentions in the last 30 days, 1 the 60 before, 1 the 90 before that.
Total tax rate is set at $0.436381 per $100 valuation, generating increased revenue to fund municipal operations.
City residents and property owners benefit from funded municipal services and infrastructure maintenance.
Property owners will see an increase in their annual tax bills.
The city is proposing a property tax rate of $0.436381 for the upcoming fiscal year, which is about 1.7 cents higher than last year. Because this exceeds the no-new-revenue rate by 2.5 percent, it requires a formal record vote and at least five supporting votes from the council.
Allows the repurposing of a former city facility for community youth services.
Brings hundreds of jobs and substantial private investment to Lewisville.
Adds much-needed affordable housing for veterans, but eliminates potential neighborhood commercial space at a busy intersection.
Adds affordable housing units but raised concerns about neighborhood saturation.
We'll include it in your weekly brief whenever the council takes it up.
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The city is reviewing its upcoming budget, which impacts local property taxes and includes plans to hire extra safety personnel to keep police and fire departments fully staffed.