The details
According to a city news release, the city’s base budget is $24.16 million with with an additional $600,126 identified for supplemental requests. The base budget from FY 2023-24 was nearly $22.9 million with a supplemental revenue amount of $484,018.
The news release states key initiatives and projects this year include:
- A 4% salary adjustment as well as market adjustments for some positions
- Adding one new position in the fire department and converting two existing positions, effectively increasing each shift from six to seven
- Hiring consulting services to enhance the city’s rating with the National Flood Insurance Program Community Rating System, which will result in lower premiums for residents with flood insurance
- Updating and reorganizing the city’s zoning ordinance
- A structural engineering analysis of the municipal complex
- Upgrades to the Unity Park pickleball fencing
- An emergency generator at the public works facility
While the tax rate will decrease from $0.5013 per $100 valuation to $0.5002 per $100 valuation, the average home in Highland Village increased in valuation by 8.25%, according to city documents. Therefore, the tax on that average home would increase 8% from $2,628.73 to $2,839.15, representing an increase of $210.42.
The new fiscal year begins Oct. 1.
