Two minute impact
The maximum tax rate of $0.786997 per $100 valuation for FY 2024-25 will be up for public comment and City Council consideration on Aug. 19. The city’s current tax rate is $0.7425 per $100 valuation.
“This is the maximum [tax rate],” Mayor Bobby Warren said. “It could still be lower.”
Council also voted to delay FY 2024-25 budget consideration until Aug. 19. The latest municipal FY 2024-25 budget projections, according to July 15 meeting documents, include:
- An estimated $850,000 less in sales tax revenue compared to the amount budgeted for FY 2023-24
- About $141,000 more in property tax revenue compared to FY 2023-24, representing an about 1.66% increase
With sales tax revenue down and the expected cost of infrastructure projects up, the city of Jersey Village is facing a potential $1 million budget shortfall by fiscal year 2025-26, according to May 15 budget projections. About $11.6 million in expenses will be included in the FY 2024-25 budget for potential infrastructure projects.
Also of note
On July 15, City Council unanimously approved receiving the FY 2024-25 budgets for the city’s Crime Control and Prevention District and its Fire Control, Prevention, and Emergency Medical Services District.
According to July 15 meeting documents, highlights of the CCPD’s and Fire and EMS district FY 2024-225 budgets include:
- $425,000 less in sales tax funding for each district compared to the FY 2023-24 budget, which represents a 15% drop for each
- $221,958 less for CCPD personnel, representing a 10% decrease from FY 2023-24
- $517,128 less for Fire and EMS personnel, representing at 26% decrease compared to FY 2023-24
