A property tax rate increase and reductions to some exemptions could be part of Arlington’s final push to close an unexpected $25 million shortfall projected for 2026.
Arlington has eliminated vacant positions, cut funding to departments and programs, identified city facilities to shutter and suggested changes to city fees as the city council guided the developing proposal to cut expenses.
City Manager Trey Yelverton said at a council work session Tuesday that it’s now time to look at ways to close the remaining $2.3 million gap in next year’s budget. But that number includes funding the city would have to pull from reserve funds, an option Yelverton said the city has rarely used before…