Fiscal Year 2026: This budget will raise more revenue from property taxes than last year’s budget by an amount of $3,664,292, which is a 4.80 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 $1,141,762.
The members of the governing body voted on the budget as follows:
FOR: Burkholder, Stretcher Burkes, Poole, Blong, Stubbs, Norman
AGAINST: None
Absent: Ladd
Property Tax Rate Comparison:
Tax Rate
FY 2025 - 2026
FY 2024 - 2025
Adopted Tax Rate
.347999
.348662
No-New-Revenue Rate
.336458
.344045
Voter-Approval Tax Rate
.354786
.353201
Voter-Approval w/Increments
.366479
.361050
Interest & Sinking (Debt Service)
.064451
.058342
Financial Summary
Total debt obligation for City of Midland secured by property taxes: $14,491,138