The township's fiscal year runs from January to December.
The backstory
The no-new-revenue tax rate means the township will receive approximately the same amount of property tax revenue as it did in the previous year.
In addition to a general increase in home value appraisals, the township has seen an increase in sales tax revenue as well as the passage of House Bill 5311 this year, which allows the township to collect mixed beverage taxes.
The details
The $157.32 million budget is an 8.4% increase from 2023, according to a township news release.
The budget funds items including:
- A 28% increase in funding for contracted law enforcement services, or $17.9 million
- This includes eight additional Montgomery County Sheriff's Office personnel, including six patrol deputies and a new two-person crisis intervention team.
- Other law enforcement additions include two more Safe Harbor Program detectives, addressing crimes against children, and two additional patrol deputies for Harris County Constable's Office, Precinct 4.
- Reforestation, with $1 million going to plant more than 6,500 trees
- Improved pathway connections
- The Woodlands Waterway enhancements
- Funds to rebuild Fire Station No. 5 and improve the Emergency Training Center
- Park improvements at sports fields and other township parks
"The Woodlands Township ... continues to be in a position of financial strength, because this 2024 budget ... provides resources to provide high levels of service and amenities that are desired by our citizens. It benefits from strong and diverse revenue services," said Monique Sharp, president and CEO of The Woodlands Township.
