SPECIAL ELECTION – May 3, 2025

Special Election for Economic Development Initiatives

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2024-25 PUBLIC NOTICE – TAX RATE AND BUDGET PUBLIC HEARINGS on August 20, 2024 at 6:30 pm at Lavon City Hall, 120 School Rd., Lavon, TX.

This budget will raise more revenue from property taxes than last year’s budget by $621,355 which is a 16.76% increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $364,118. The proposed tax rate of $0.42 per $100 is greater than the no-new-revenue tax rate of $0.391501 and is not greater than the voter approval tax rate of $0.479024. The proposed tax rate for maintenance and operations is $0.228373 and for debt service for capital improvements is $0.191627.