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Universal City council adopts 2025 tax rate, approves budget amendments and EDC storefront grant
Summary
At its Sept. 16 meeting Universal City City Council set the 2025 tax rate at $0.53 per $100 of appraised value, approved fiscal-year-end budget amendments and authorized an Economic Development Corporation (EDC) storefront improvement grant tied to the Loop 1604/West Bird Boulevard development.
Universal City City Council approved three key fiscal items during its Sept. 16 meeting: an ordinance setting the 2025 property tax rate at $0.53 per $100 of appraised value, year-end budget amendments for FY2025, and a $242,000 Economic Development Corporation (EDC) storefront improvement grant for a planned mixed-use development at Loop 1604 and West Bird Boulevard.
The council passed the tax ordinance on second reading, adopting a maintenance-and-operations rate of 0.442 and a debt-service rate of 0.088. Mayor Tom Maxwell called for the vote after a motion and second; the motion carried, and the ordinance was recorded as approved.
City finance staff reported fiscal-year-to-date figures in a staff report included with the meeting materials: as…
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