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Buda council adopts $85.8M FY2025 budget and sets tax rate at 0.3395 per $100 (3.10% increase)
Summary
The council adopted the fiscal year 2025 budget totaling $85,789,469 and approved a property tax rate of 0.3395 per $100 valuation (split M&O 0.0899 and I&S 0.2496), a change the mayor described as a 3.10% increase in the tax rate; council ratified the property tax increase as required by state law.
The Buda City Council adopted the fiscal year 2025 budget and set the property tax rate during its meeting.
Finance Director Bianca Redmond presented the FY2025 budget, listing a total city budget of $85,789,469. The proposed property tax rate of 0.3395 per $100 valuation was split into maintenance and operations (M&O) at 0.0899 and interest and sinking (I&S) at 0.2496; council members reviewed the tax-rate public hearing and took the required actions on both components. Redmond also noted planned utility-rate changes: a 6% water increase and a 3% wastewater increase, which she estimated as approximately a $5.83 monthly impact for customers.
Council voted to adopt the budget on first and final reading and then approved the tax-rate motions with a recorded roll-call vote. The council also completed the separate statutory ratification of the property tax increase required by Texas law.
