During its May 13 meeting, Magnolia City Council approved a timeline for the upcoming fiscal year 2025-26 budget and tax rate workshop.

What this means

Before final adoption of the budget, the council will follow the schedule below to meet and discuss the upcoming budget and tax rate.
Magnolia City Council approved a FY 2024-25 budget of $8.26 million in revenues and $8.26 million in expenditures, resulting in a balanced budget, according to prior reporting. The approved FY 2024-25 tax rate was $0.2509 per $100 valuation, which was lower than the previous fiscal year, as previously reported.