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Fort Worth Budget Crisis Deepens | Texas News
Fort Worth’s tax rolls came in lower than expected, pushing the 2027 budget shortfall to $77 million — forcing city leaders to choose between spending cuts or raising property taxes. After returning from vacation, council members face tough decisions as City Manager Jay Chapa presents multiple budget scenarios next week, including potential tax rate hikes and an “increment rate” option to boost revenue. Despite a slight overall increase in property valuations to $130.2 billion, residential values dropped due to reappraisal changes and more successful tax protests, while commercial and new…
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