The 2024-25 budget is $2.22 million more than the 2023-24 budget, according to the city.
Though the property tax rate decreased, it is expected to bring in more revenue due to heightened property appraisals.
Dig deeper
As set out in the agenda packet, $78.07 million of the budget will go to the city’s general fund, $32.73 million will go toward servicing the city’s debts, $43.54 million will go toward utilities, and $106.74 million will go toward the city’s capital budget for things like transportation, facilities and parks.
The impact
City Council set the property tax rate at $0.363 per $100 valuation. Of that, $0.190886 per $100 valuation will go toward operations and maintenance, and $0.172114 per $100 valuation will go toward servicing the city’s debts.
