The Town's Fiscal Year 2025-2026 budget is now in effect. The new budget, which was passed by Town Council in September and took effect Oct. 1, holds the tax rate steady at about 38 cents per $100 valuation and increases the homestead exemption to 20 percent, which is the maximum allowed by state law. This budget marks a deviation compared to recent years due to a significant decrease in Town revenue. That decrease can be attributed to a lack of new development and home sales, moves by the Texas
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