Rowlett council approves debt and policy resolutions, hears FY2025 budget and meter-replacement plan

Rowlett City Council on Aug. 19 received a third-quarter financial report and the city manager—s proposed fiscal year 2025 budget, approved a package of debt issuances and several policy resolutions, and authorized a vendor settlement to replace thousands of water meters.

The council heard that general-fund revenues for the quarter ending June 30 were about $116,000,000, roughly 4% above forecast, while expenses were about $98,000,000, about 3% below forecast, according to the finance presentation. The city manager, David Hall, described the FY2025 proposed budget as a balanced plan that includes 8.5 new positions, $1.3 million for public-safety pay adjustments, and a proposed maintenance and operations tax rate of approximately $0.53 per $100 of taxable value and an interest-and-sinking (I&S) rate near $0.23, for a combined ad valorem rate of about…