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Rockwall council adopts FY2025 budget, sets property tax rate at 0.24745
Summary
The Rockwall City Council approved its FY2025 budget, amended the FY2024 budget, and adopted a property tax rate of 0.247450 per $100 of assessed value, which council members described as the lowest in the city's history among those present. The council also approved REDC and RTPA budgets and hotel‑tax funding recommendations.
The Rockwall City Council voted on multiple fiscal items including adoption of the city’s FY2025 budget and a property tax rate for 2024.
At the meeting Mayor Pro Tem Clarence L. Joroff and staff presented ordinances to amend the current fiscal year budget and to adopt the proposed budget for Oct. 1, 2024–Sept. 30, 2025. Councilmember Lewis moved to adopt the FY2025 budget and the motion received a second; the measure passed with council members present voting in favor and two members absent.
Councilmember McCallum urged adoption of a low tax burden and moved to set the 2024 tax rate at 0.247450 per $100 of assessed valuation, a figure he described during debate as "the lowest tax rate we've ever had in the history of Rockwall at 24.75." The council approved the rate by the vote recorded for the ordinance.
Separately, the council approved the Rockwall Economic Development Corporation (REDC) FY2025 budget and an amended FY2024 budget after a presentation by REDC president Phil Wagner. The council also approved the REDC annual work plan for FY2025 and the Rockwall Technology Park Association (RTPA) budget, both by unanimous votes among members present.
Council discussed recommendations from the hotel‑tax subcommittee for FY2025 funding allocations and addressed potential conflicts of interest for members who sit on nonprofit boards. The council approved the subcommittee’s recommendations with separate votes taken for certain organizations; votes on those allocations were recorded with one abstention on at least one item and two members absent for portions of the vote.
The adopted ordinances provide the legal authority for city expenditures in the coming fiscal year and set the tax levy that funds operating expenses and debt service.
