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TOWN OF PANTEGO, TEXAS

ANNUAL OPERATING BUDGET
AND PLAN OF SERVICES

FOR FISCAL YEAR 2025-2026

This budget as proposed will raise more revenue from property

taxes than last year’s budget by an amount of $326,897, which
is a 12.66% increase from last year’s budget. The property tax

revenue to be raised from new property added to the tax roll this
year is $4,839.

City Council Record Vote

The members of the governing body voted on the adoption of the budget as follows:

FOR:
AGAINST:
PRESENT: BUT NOT VOTING:
ABSENT:

Property tax rate comparison: (tax rate per $100 valuation)

Adopted Proposed
FY 2024-25 FY 2025-26
Property Tax Rate $0.570000 $0.630000
No New Revenue Rate $0.551356 $0.558417
No New Revenue M&O Rate $0.405203 $0.417832
M&O Rate $0.425377 $0.459769
Voter Approval Rate $0.808237 $0.883344
De minimis Rate $0.764611 $0.771233
Debt Rate $0.144623 $0.170231

The proposed Property Tax rate is made up of $0.459769 for Maintenance and Operations
and the $0.170231 debt rate.
The total amount of municipal debt obligation secured by property taxes for the Town of
Pantego is $ 17,200,000