City residents will have an opportunity later this month to comment on the city’s proposed Fiscal Year 2026-27 budget and a property tax rate increase of 3 cents per $100 of assessed valuation.
Meeting in a Sept. 8 special session, the Princeton City Council set a public hearing on the budget for Monday, Sept. 21, and the tax hearing for Monday, Sept. 28.
Staff recommended a property tax rate of $0.472959 per $100 of taxable value, the voter-approval rate. Princeton’s calculated no-new-revenue rate would be $0.445102.
Since the proposed rate exceeds the no-new-revenue rate, but does not exceed the voter-approval rate, it only requires a public hearing — not a voter-approval election.
Read the full story in the September 10th edition. Stay informed — subscribe to The Princeton Herald.
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