City Manager Kimberly Tolbert’s proposed budget for FY 2026-2027 totals roughly $5.66 billion. Residents will be pleased to see that no neighborhood libraries would be closed under the proposed budget. City of Dallas proposed budget has a 4.73% increase in revenue from property taxes, increasing the budget $65.5 million. A final budget and property tax rate will be adopted on September 16. CORRECTION: This article was updated on August 11, 2026, at 11:37 a.m. to correct the proposed budget adjustment for library services.