Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Northlake adopts FY24–25 budget and ratifies 29.5¢ property tax rate
Summary
Council unanimously adopted the FY24–25 budget (including new traffic crew and police pay adjustments), approved mid‑year budget amendments, and ratified a property tax rate of 29.5¢ per $100 valuation (noted as unchanged from prior years despite higher collections).
The Northlake Town Council adopted the fiscal year 2024–25 budget and ratified a property tax rate of 29.5¢ per $100 of assessed value.
Staff presented the proposed budget as substantially similar to prior versions with specific additions — notably a traffic sign and markings crew and additional policing pay adjustments intended to improve recruitment. After a required public hearing (closed at 6:38 PM), council voted unanimously to adopt the FY24–25 budget. Mayor and staff thanked council and department staff for balancing service needs within constrained revenues.
Council also approved a separate budget amendment for FY23–24 that transfers $50,000 to the building fund (town hall expansion) and $442,000 to the equipment fund for vehicle purchases tied to new positions. Staff noted $805,000 of impact‑fee reimbursement payments were catch‑up disbursements funded by previously collected revenues. Following budget adoption, council considered and passed the ordinance fixing the municipal ad valorem tax rate at 29.5¢ and ratified the increase language required by state law; staff emphasized the rate itself is unchanged and that higher total collections reflect new property added to the tax roll.
