Amarillo City Council approved a series of agenda items related to the City of Amarillo (COA) Fiscal Year 2026/2027 Budget during a special meeting Tuesday, officially completing the latest city budget process.
All votes were 4-1.
The budget will raise more revenue from property taxes than last year’s budget by $2,063,963 which is a 2.58 percent increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $1,295,675.
Council approved a tax rate of $0.43070, which is greater than the current rate. The tax rate will raise more taxes for maintenance and operations than last year’s tax rate. The tax rate will effectively be raised by 2.9 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $9.
Council approved an ad valorem tax rate of $0.32412 per $100 of property valuation for maintenance and operations expenses and $0.10658 per $100 of property valuation for existing debt expenses resulting in a total ad valorem rate of $0.43070 per $100 of property valuation.
The special meeting can be viewed at: www.youtube.com/watch?v=0WEnB-uqYVg
The budget can be accessed online at: www.amarillo.gov/finance/financial-information/
For more information contact City of Amarillo Media Relations Manager Dave Henry at 806-378-5219 or by email at david.henry@amarillo.gov.