The City of Taylor's fiscal year begins on October 1 and ends September 30. The City Council must approve a new budget and tax rate before the new fiscal year begins.
Fiscal Year 2026 begins on October 1, 2025.
Adopted Budget and Tax Rate Highlights
| FY 2024 | FY 2025 (Current) | FY 2026 (Adopted) | $ Change | % Change |
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| Annual Budget (All Funds) |
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| Revenues | $67,573,167 | $76,859,619 | $89,001,819 | $12,142,200 | 15.8% |
| Expenditures | $67,366,174 | $75,936,193 | $177,374,833 | $101,438,640 | 133.6% |
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| Property Tax Revenue |
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| Maintenance and Operations | $7,940,000 | $7,850,000 | $11,426,415 |
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| Debt Service | $5,998,500 | $7,268,000 | $9,307,604 |
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| Property Tax Rate |
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| Maintenance and Operations | 0.360653 | 0.310021 | 0.371924 |
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| Debt Service | 0.268121 | 0.281347 | 0.213076 |
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| Total Tax Rate | 0.628774 | 0.591368 | 0.585000 |
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Other Required Postings