Tax Code Section 26.18 Requirements

Per Tax Code Section 26.18 requirements, the following tax rate and budget information is available.

1.  The City Council of the City of Lucas consists of 7 members including the Mayor.

2.  Contact Information:

Mailing address:    City of Lucas
665 Country Club Road
Lucas, Texas 75002

Website address: www.lucastexas.us

Telephone number: 972-727-8999

3.  Budget Information 

FY 23-24 Budget
FY 24-25 Budget

4.  Proposed Budget

FY 25-26 Proposed Budget

5.  Change from prior year’s budget:

Proposed budget for FY 25-26 is $2,544,930 higher than the previous FY 25-26 budget by approximately 14.28%.

6.  Property tax revenue budgeted for maintenance and operations:

23-24                     $3,845,109

24-25                     $4,252,605

25-26                     $4,919,346 (proposed)

7.  Property tax revenue budgeted for debt service:

23-24                     $1,355,483
24-25                     $1,152,875
25-26                     $1,196,769 (proposed)

8.  Tax Rate adopted for Maintenance & Operations (M&O):

23-24                     $.185402
24-25                     $.184805

9.   Tax Rate adopted for Debt Service:

23-24                     $.071356
24-25                     $.054246

10.  Proposed Tax Rate for Maintenance & Operations (M&O):

25-26                    $.202670

11.   Proposed Tax Rate for Debt Service:

25-26                    $.052793

12.  Most recent financial audit – Annual Comprehensive Financial Report:

FY23-24              Annual Comprehensive Financial Report