{"id":439522,"date":"2026-09-18T03:50:08","date_gmt":"2026-09-18T03:50:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/439522\/"},"modified":"2026-09-18T03:50:08","modified_gmt":"2026-09-18T03:50:08","slug":"colleyville-council-approves-98-33m-budget-higher-tax-rate-grapevine-colleyville-southlake","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/439522\/","title":{"rendered":"Colleyville council approves $98.33M budget, higher tax rate | Grapevine – Colleyville – Southlake"},"content":{"rendered":"

Colleyville City Council<\/a> approved a 4.5% budget increase for the 2026-27 fiscal year and a higher tax rate at the Sept. 15 meeting<\/a>.<\/p>\n

The details<\/p>\n

Increases in the budget come primarily from higher allocations for capital projects at $27.88 million and debt service at $1.85 million. The adopted FY 2026-27 budget<\/a> also includes a pool of funds to cover merit-based increases for city staff, Assistant City Manager Adrienne Lothery said.<\/p>\n

The FY 2026-27 general fund budget has revenues of nearly $31.53 million compared to $30.79 million in expenditures. The general fund expenditures are 1.5% lower than the $31.27 million for FY 2025-26.<\/p>\n

The overall budget has $98.33 million in expenditures compared to $72.35 million in revenues, according to city documents<\/a>.<\/p>\n

Diving deeper<\/p>\n

For the third straight year, the city will be raising the tax rate. The FY 2026-27 tax rate is $0.352480 per $100 valuation, an increase compared to $0.311931 per $100 valuation for FY 2025-26.<\/p>\n

The maintenance and operations component of the rate, which covers general operating expenses, is $0.31865 per $100 valuation. The interest and sinking portion of the rate is $0.03383 per $100 valuation.<\/p>\n

The higher interest and sinking portion of the tax rate will help cover an additional $766,000 in debt service payments for the recreation center project and fire apparatus payment schedule, Finance Director Cassie Smith said.<\/p>\n

The tax bill for a home with the average taxable value of $678,440 for FY 2026-27 is $2,391.37, which is an 8.66% increase of $190.72 compared to the tax bill of $2,200.65 for an average-valued home of $705,492 for FY 2025-26, per city documents<\/a>.<\/p>\n

Mayor Bobby Lindamood said the increases will help the city maintain existing service levels and keep the city from reducing its employee count.<\/p>\n

\u201cWe have exceptional services here in Colleyville,\u201d he said. \u201cFor $20 a month for those who have to pay it, I think that\u2019s a pretty good deal. I don\u2019t like to increase taxes, but we live in a place where for me, the $20 is worth it.\u201d<\/p>\n

What\u2019s next<\/p>\n

FY 2026-27 begins Oct. 1 and runs through Sept. 30, 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"Colleyville City Council approved a 4.5% budget increase for the 2026-27 fiscal year and a higher tax rate…\n","protected":false},"author":2,"featured_media":439523,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[152203,152202,2050,152204,1351,8238,118961,116,118,117,25538],"class_list":["post-439522","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-worth","tag-adrienne-lothery","tag-bobby-lindamood","tag-budget","tag-cassie-smith","tag-colleyville","tag-colleyville-city-council","tag-fiscal-year","tag-fort-worth","tag-fort-worth-headlines","tag-fort-worth-news","tag-tax-rate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/439522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=439522"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/439522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/439523"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=439522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=439522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=439522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}