At its Sept. 10 meeting, Magnolia City Council approved the fiscal year 2024-25 budget and tax rate of $0.2509 per $100 valuation.

What to know

Although the approved tax rate is $0.0439 lower than FY 2023-24’s rate of $0.2948 per $100 valuation, city documents show it will generate more revenue than in the previous year.

The breakdown

The city’s approved FY 2024-25 budget projects $8.26 million in revenues and $8.26 million in expenditures, resulting in a balanced budget, according to the Sept. 10 agenda packet.




In the approved FY 2024-25 budget, department expenses include:
  • $3.2 million for the police department
  • $1.9 million for public works
  • $1.8 million for administration
  • $80,661 for parks
Learn more

Read the approved FY 2024-25 budget below.