Council Discusses City Manager's Proposed FY26 Budget

Published on August 11, 2025

FY 2026 Budget cover for web.jpg

The City Council held Budget Work Sessions on Tuesday, August 5th and Wednesday, August 6th to discuss the City Manager's proposed budget for Fiscal Year 2026. Over the course of the two nights, several directors presented their department budgets, including Airport, Economic Development, Special Events, and Public Works & Engineering. CFO Steven Glickman reviewed each of the Town's funds in detail and shared the results of the employees' maximization efforts to reduce costs.

 

Each July, the Dallas Central Appraisal District (DCAD) provides the Town with a certified tax roll of all properties inside Addison’s city limits. The certified taxable value for fiscal year 2026 is $6,682,574,079, which equates to an increase of approximately $207 million, or 3.2% from the previous year. Included in the certified taxable values are $82,858,660 in new properties added to the tax roll between January 1, 2024 and December 31, 2024. According to DCAD, the average taxable value for a single-family home in Addison is $501,878, an increase of approximately $31,318 or 6.7% from the previous year. 

 

The proposed fiscal year 2026 budget has no increase to the Town’s tax rate of $0.609822.Of the total tax rate, $0.434822 is dedicated to maintenance and operations, representing a decrease of $0.005000 from fiscal year 2025, and $0.175000 is dedicated to debt service payments. The debt service portion of the tax rate is increasing due to debt service added from the 2019 bond program approved by voters.

 

The City Council plans to continue budget discussions at its August 12 meeting. There are public hearings on the budget and tax rate scheduled for September 2 and 9.

 

You can read the presentation here and watch the Council's budget discussion here:

 

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