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Northlake council adopts FY2024–25 budget, ratifies 29.5¢ tax rate and schedules hearings on PID and road assessments
Summary
Council unanimously adopted the FY2024–25 budget and ratified a property tax rate of 29.5¢ per $100; council also scheduled an Oct. 10 public hearing on dissolving PID No. 1 and called hearings on a proposed $1.3M Dale Earnhardt Way assessment, while approving several PID assessment rates and a year‑end budget amendment.
The Northlake Town Council unanimously adopted the fiscal year 2024–25 budget and ratified a property tax rate of 29.5¢ per $100 of assessed valuation at its Sept. 12 meeting.
Staff said the adopted budget includes additions requested by council, such as a traffic sign and markings crew and funding for additional police positions and a revised pay structure. After a public hearing with no speakers, the council moved to adopt the FY2024–25 budget ordinance and approved the budget amendment that authorizes year‑end transfers (including $50,000 to the building fund and $442,000 to the equipment fund for vehicles) and an $805,000 increase in impact‑fee expenditures to cover catch‑up developer reimbursements.
Council then considered the property tax rate. Staff and the superintendent who presented earlier explained how Texas statutory notice language can make a constant rate appear as an ‘‘increase’’ in required forms; the council clarified that the 29.5¢ rate is unchanged from prior practice even though revenue collections will grow as new property comes onto the tax rolls. The council voted unanimously to ratify the rate.
On public‑finance items, council approved assessment rates for PID No. 1 (Harvest) at $0 per $100 of assessed value and for PID No. 2 (The Highlands) at 13.0797 per acre after public hearings with no public speakers. Staff also reported that a new petition to dissolve PID No. 1 has amassed sufficient verified signatures; the council accepted the petition and set an Oct. 10 public hearing to consider dissolution.
Finally, staff outlined the town’s road‑assessment policy and proposed a $1.3 million reconstruction of two lanes of Dale Earnhardt Way. Staff recommended the town pay half of the project cost with property owners in the ETJ assessed the other half, with assessments apportioned by appraised value; council approved calling the public hearing for Oct. 10 and offered property owners the option to annex to avoid assessments in some instances.
All votes on these fiscal items were recorded as unanimous unless noted; council recorded a single opposed vote on a separate annexation item earlier in the meeting.
