IRVING, Texas — The Irving City Council has adopted the Fiscal Year 2025-26 (FY26) budget, which keeps the property tax rate at $0.5891 per $100 valuation. The city’s new fiscal year begins October 1, 2025, and runs through September 30, 2026.
The FY26 General Fund, which supports core services such as public safety, engineering, transportation, parks, libraries, and community development, is balanced with $323.5 million in both revenues and expenditures. Property and sales tax collections remain the primary sources of funding.
Key Budget Priorities
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Hiring additional police officers and firefighters
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Street, water, wastewater, and drainage improvements
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Construction of Fire Station No. 9 and new fire apparatus purchases
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Facility and landfill upgrades
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Enhanced library security
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Staffing and operations for the Let’s Play Irving facility
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Expanded park maintenance and litter control
The budget also includes workforce wage adjustments to keep the city competitive in the municipal job market.
Homestead Tax Exemption Expansion
In June, the City Council approved a $5,000 increase to the residential homestead exemption for property owners who are disabled or 65 and older. With this change, qualifying homeowners will have $60,000 of their property value exempt from city property taxes beginning in FY26.
Utility and Service Rates
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Drainage fees will increase by $1 per month for residential lots 5,000 square feet or larger (from $13 to $14). The increase will fund stormwater projects, including improvements to the Brockbank Channel and West Irving Creek.
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Water and wastewater rates will rise by 4.58% and 8.43%, respectively, due to pass-through costs such as sewage treatment from the Trinity River Authority.
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EMS and solid waste collection rates will remain unchanged.
For a typical residential customer with a ¾-inch meter, 3,000 gallons of water, and 2,000 gallons of wastewater per month, the combined water and wastewater bill will increase by about $1.56, from $23.47 to $25.03.
