Granbury City Council Aug 4, 2026 City Council discuss the Fiscal Year 2027 Property Tax rate

The City of Granbury City Council held a meeting on August 4, 2026, to discuss the Fiscal Year 2027 property tax rate. The council considered setting a proposed tax rate not to exceed 48.5 cents per $100 valuation, which would fund a $20 million street bond and potentially additional lighting projects. Financing options were discussed, including varying terms of 10 to 25 years for different equipment. The council voted unanimously (6-0) to place the proposed tax rate on a future agenda for adoption, with a required public hearing scheduled for September 1, 2026. The discussion included compliance with legal requirements for tax rate hearings and notifications, and the possibility of adjusting the tax rate downward if needed before final adoption.