Schertz City Council on Sept. 5 approved a $118.83 million budget for fiscal year 2023-24, which will go into effect starting Oct. 1.

According to documents submitted by city staff, the priorities for the budget include:
  • Staff compensation
  • Infrastructure
  • Consolidated capital improvements plan document
  • Increased staffing levels
  • New and remodeled facilities
The budget also includes a 4.7% raise across the board to bring Schertz employee wages up to market.

By the numbers

The adopted budget will raise more total property taxes than last year's budget by $2.4 million, which is a 9.9% increase. Of that amount, $554,255 is tax revenue to be raised from new property added to the tax roll this year, according to the budget presentation.

Budgeted revenues in the general fund add up to $47.39 million with budgeted expenses of $49.95 million.

According to the budget, this is a 3.9% increase in revenue from the fiscal year 2022-23 year-end estimate and a 13% increase for overall expenditures.

What residents need to know

The tax rate under the new budget will be $0.4872 per $100 valuation, which effectively a 7% increase in the tax rate, according to the ordinance approved by City Council.

Under the new rate, residents will have an estimated tax bill of $1,582, which is a $103.78 increase. Estimated bills are based on the average taxable value of homes for 2023 of $324,600. Tax increase values vary based on the taxable home value.

Additional budget information can be found here.