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Fort Worth Faces $76M Budget Gap | Dallas News
Description
Fort Worth’s budget shortfall just got a lot bigger—swelling from $50 million to over $76 million—as plummeting property values slash tax revenue. With cuts already planned, officials now face tough choices: deeper spending reductions or the first property tax hike since 1995. A new appraisal cycle and widespread protests have deepened the crisis, forcing city leaders to scramble as every 1% tax bump could bring in $11 million. Council will soon decide how far they’ll go to balance the books.
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