The council adopted a $20.36 million budget for FY 2025-26, which includes funds for road improvements, the town center and police department project, and the Argyle Nature Trail.
“[The budget] achieves our strategic goals,” council member Casey Stewart said. “It’s going in the direction that we want as far as spending money where we want.”
What you need to know
The adopted property tax rate is $0.343100 per $100 of taxable valuation, which is a decrease of $0.00011 per $100 valuation from the tax rate adopted in fiscal year 2024-25, per town documents.
The tax rate is broken into two components, the maintenance and operations rate, which funds Argyle’s daily operational expenses and the interest and sinking tax rate, which pays for the town’s general obligations debt, according to town documents.
The adopted tax rate includes $0.2419 per $100 valuation for maintenance and operation funds and $0.1012 per $100 valuation for interest and sinking funds, per town documents.
The $7.8 million general fund is the largest portion of the budget. Most of the general fund is going to police services, according to town documents. The second biggest general fund expenditure item is $1.3 million, which is being transferred over to the Capital Improvement Program and the equipment replacement fund, per town documents.
- $250,000 for the Argyle Nature Trail
- $190,000 for restoring town hall
- $1.5 million for asphalt streets
- $250,000 for concrete pot repairs
- $1.5 million for town center and police design costs
Council adopted a wastewater fee increase during the Sept. 15 meeting, which will take effect Nov. 1, per town documents. The rate will increase by 4%, which means residents within town limits will pay a monthly service fee of $50, up from the $47.62 monthly service fee from fiscal year 2024-25. The monthly service fee includes the first 2,000 gallons of wastewater.
Residents within town limits will also pay $4.05 per 1,000 gallons of wastewater used after the first 2,000 gallons, which is up from the $3.86 per 1,000 gallons that residents within town limits had to pay last fiscal year.
The rate increase is to pay for any repairs or enhancements to the wastewater infrastructure, potential raised fees imposed by the Trinity River Authority and the city of Denton for treating the wastewater, and debt service fees related to the relocation of sewage lines on US 377, according to town documents.
