The McGregor City Council on Aug. 22 adopted the fiscal year 2026 budget (Ordinance O-14-2025), ratified a property tax increase reflected in that budget, approved the certified tax roll (Ordinance O-15-2025), adopted a tax rate (Ordinance O-16-2025) and approved an investment policy in compliance with the Public Funds Investment Act (Resolution R-15-2025).

City staff presented the budget as unchanged from the prior day's draft. The budget ordinance covers the fiscal year beginning Oct. 1, 2025 and ending Sept. 30, 2026 and includes a contingency described by the city manager as "a little north of $250,000" assigned to the city council budget for potential deferred items. The council conducted a roll-call vote on the budget. The mayor recorded an "aye" vote with an abstention on the "bluebonnet light" line item; other wards recorded aye votes and the mayor announced the motion carried unanimously except for the single line-item abstention.

On property tax, a councilmember moved to ratify the property tax increase reflected in the FY26 budget, saying it would raise $68,319 in total property taxes compared with last year's budget (a 1.49% increase). Of that amount, the speaker said $68,311 is attributable to new property added to the tax roll this year. The council moved, seconded and approved the ratification by voice vote.

The council also approved Ordinance O-15-2025 (the 2025 certified tax roll) and Ordinance O-16-2025 to set the tax rate; the meeting record transcribes the adopted rate as "O dash 5 3 1 3 9 2," which staff should clarify in the published ordinance text for the official numeric rate. The council then adopted Resolution R-15-2025, adopting the city's investment policy in compliance with the Public Funds Investment Act; staff indicated there were no major changes to the policy.

Taken together, the actions formalize the city's spending plan, set tax collection authority and adopt an investment policy for public funds. The council did not identify additional follow-up apart from the standard publication of adopted ordinances and budget documents.