Council members unanimously voted to adopt the $451.4 million budget at its Sept. 15 meeting. The overall budget revenues are $349.2 million, but town officials said the budget is considered balanced and it includes authorization for capital projects from past fiscal years.
“In the net difference, revenues may be below expenditures, but our funds are solvent, we have the money in the bank to support that expenditure budget that we’re proposing,” Director of Budget Services Meg Jakubik said. “You can see in the estimated ending fund balance that we still have a healthy balance in the bank.”
The details
The FY 2025-26 general fund is budgeted at nearly $97.26 million in revenues and $97.22 million in expenditures, according to town documents. Compared to the adopted fiscal year 2024-25 budget, revenues increased by 1.9% and expenditures grew by 1.79%.
Town employees will receive a 3% raise based on funding allocated in the adopted budget for nondiscretionary items, which totaled $4.4 million, including the compensation increase. Within the town’s general fund, there was only $12,800 included for nondiscretionary increases.
The budget also includes $154.3 million for new capital project spending authority, Jakubik said. The total amount authorized for various capital projects in the budget is $244 million, per town documents.
Other budget items include:
- $63.1 million in utility fund expenditures
- About $10.27 million for the debt service fund
- Nearly $1.88 million for the stormwater utility fund
Council also unanimously approved the FY 2025-26 tax rate, which is $0.387277 per $100 of assessed value. The new tax rate is slightly below the FY 2024-25 tax rate of $0.387278 per $100 of assessed value.
The tax rate includes two components:
- The maintenance and operations portion of the rate that covers general government expenses and is set at $0.334294 per $100 of assessed value
- The interest and sinking portion of the rate that covers repaying debt obligations of the town is set at $0.052983 per $100 of assessed value
Based on the median value in the Denton County portion of Flower Mound, which is $471,805, the town's portion of the property tax bill would come out to $1,827.20, a $61.59 decrease from this year. Similarly, a home with the median value in the Tarrant County portion of Flower Mound, which is $500,000, would have a property tax bill of $1,936.39, $168.41 less than in the current year.
What else?
The utility revenue projections for the town factor in changes to the water, sewer and stormwater rates, which were presented to council at the Aug. 21 budget workshop.
There is a proposed 5.25% increase to both the water and sewer rates for customers. Based on increased rates, the average customer that has 15,000 gallons of water usage per month and 8,000 gallons of sewer monthly would pay $183.53 per month compared to $174.43 under the current rates.
The new base residential stormwater fee will be $6.50. Proposed changes to the commercial stormwater billing calculation include charging those customers based on the number of equivalent residential units, with one residential unit equaling 5,285 square feet.
New rates for water, sewer and stormwater are planned to start in October.
