The council previously approved a no-new-revenue property tax rate of $0.1891 per $100 valuation, and will officially adopt the rate Sept. 18. The no-new-revenue property tax rate is a slight increase from the FY 2024-25 rate of $0.1879 per $100 valuation.
The big picture
Selma’s general fund will be balanced with $16.62 million in both revenues and expenditures, according to the city's proposed budget document.
Over half of general fund revenue for the city, an estimated $10.19 million, comes from sales tax revenues. This is a 4.32% increase from the adopted FY 2024-25 budget.
Digging deeper
Some of the additional sales tax revenue will go toward road repair, according to the budget document. Road repair funds from sales taxes are proposed at $1.68 million, up from $1.61 million in the previous adopted budget.
According to the proposed budget document, the budget will raise $58,828 more in property taxes compared to FY 2024-25—a 1.6% increase.
With the no-new-revenue rate in place, the revenue increase comes from new property added to the tax roll. Selma’s total property tax collection for FY 2025-26 is $1.83 million.
Aside from sales tax-assisted road repair, expenditure increases include a $124,500 increase in supplies and capital outlay costs, as well as a $327,627 increase in fire department personnel costs.
