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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