Page 4 - CityofSaginawFY26Budget
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CITY OF SAGINAW
                                                BUDGET HIGHLIGHTS
                                                           2025-2026



               The following is a brief overview of the adopted 2025-2026 budget:

               GENERAL FUND:

                     The City of Saginaw continues to see growth in the estimated net taxable value due to
                       continued  growth and  an  overall  increase  in  property  values.    The  July  2025  certified
                       estimated net taxable has increased by 2.719% over the July 2024 certified estimated
                       net taxable value.  These values are determined and certified by the Tarrant Appraisal
                       District (TAD).

                     The adopted budget is prepared based on the voter-approval rate, which includes the
                       unused increment rate from prior years.  The voter approval rate is 52.9649 cents.

                     Saginaw’s population has grown from 19,806 in 2010 to 24,860 per the 2020 census.
                       The North Central Texas Council of Governments estimates the 2025 population to be
                       25,685.

                     The  July  certified  estimated  net  taxable  value  from  TAD  is  $3,197,175,201  and  is  an
                       increase  of  $84,615,368  over  last  year’s  July  estimated  net  taxable  value  of
                       $3,112,559,833.    Tarrant  Appraisal  District  estimates  a  total  of  $22,936,980  in  added
                       value from new construction ($4,357,643 in residential and $18,579,337 in commercial).
                       New construction for 2024-2025 was valued at $30,041,510.

                     This adopted budget is based on a tax rate of 0.529649 which is 0.035902 cents higher
                       than last year’s rate of .493747.  The adopted tax rate is equal to voter-approval rate as
                       calculated by the Texas State Comptroller’s 2025 Tax Rate Calculation Worksheet.  The
                       No New Revenue Tax Rate is .498596 and the De minimus Tax Rate is .518618.

                                 TAX           DEBT           M&O       SALESTAX
                                 YEAR        RATE           RATE      ADJUSTMENT     TOTAL     AVG. TAX
                                 2024         .218417      .275330    (.087788)           .493747      $1,276.91
                                    2025         .223897      .305752    (.079342)           .529649       $1,341.23
                                    DIFFERENCE OVER (UNDER) LAST YEAR        .035902        $    64.32

                     The  average  taxable  single  family  home  value  in  2024  was  $258,617.    The  average
                       taxable  single  family  home  value  in  2025  is  $253,230,  a  2%  decrease.  The  average
                       homeowner’s city taxes will increase annually by $64.32 from $1,276.91 to $1,341.23 or
                       $5.36 per month.  For $112 per month, the average citizen of Saginaw receives police
                       protection,  fire  protection,  public  services,  parks,  recreation,  library  services,  animal
                       services, and code enforcement and inspection.

                     The increase in the debt portion of the tax rate is due to the issuance of the remaining
                       2021 voter approved bonds for road projects.


                     Sales tax revenue was down for the first six months of the fiscal year but have increased
                       in  the  last  few  months.  The  year  to  date  collections  (adjusted  for  a  one  time  audit
                       adjustment) compared to last year is down 2%.  The budgeted estimates for next fiscal
                       year  assume  similar collections  as the  current  year.  We  estimate  that  we  will  receive
                       $7,586,940 in sales tax revenue in the General Fund, a less that 1% decrease from our
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