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City Manager outlines 2025 budget, highlights large state-owned tax-exempt property
Summary
On the Commerce Connect podcast, the City Manager detailed the cityofCommercebudget for 2025, including how the city spends $15.6 million across public safety, infrastructure, quality of life and support services, and noted that 55% of the city's appraised value is tax-exempt because of Texas A&M University-Commerce.
City Manager (name not specified) used the City of Commerce podcast to walk through the cityofCommerce's 2025 budget and revenue picture, detailing how the municipality budgets $15,619,365 across four service categories and explaining how a large, state-owned university reduces the city's taxable base.
The City Manager said public infrastructure accounts for the largest share of spending at $8,159,772 (52%), public safety receives $4,628,673 (30%), support services $1,689,153 (11%) and quality of life $1,141,867 (7%). On the revenue side, 68% of the general fund comes from taxes; service fees and fines account for about 10%, and intergovernmental transfers make up 22%.
Why it matters: the city provides police, fire, water and sewer, streets and parks for all residents but cannot collect property tax on large swaths of property owned by the state. The City Manager said $868,258,408, or 55% of the city's appraised…
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