The details
The proposed tax rate of $0.2509 per $100 valuation is lower than FY 2023-24 by $0.0439, according to prior reporting. The FY 2023-24 rate is $0.2948 per $100 valuation.
While the FY 2024-25 budget figures were not discussed at the meeting, Mayor Matthew Dantzer said the budget is anticipated to be balanced.
Stay tuned
A public hearing on the proposed tax rate its scheduled for Sept. 10 at 6 p.m. at Magnolia City Hall, 1811 Buddy Riley Blvd., Magnolia.
