Lewisville City Council adopted the fiscal year 2022-23 tax rate during its Sept. 19 meeting.

The $124 million operating budget includes maintaining the property tax rate at $0.443301 per $100 valuation. The total tax rate for FY 2022-23 did not change from the current fiscal year tax rate but does exceed the no-new-revenue rate of $0.396846 by 11.63%, according to the agenda item.

The maintenance and operations rate exceeds the no-new-revenue rate of $0.289328 by 10.94%. The proposed total tax rate does not exceed the voter-approval rate of $0.443943.