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Cameron City Council adopts FY 2024–25 budget, leaves property tax rate unchanged at $0.659373
Summary
The council approved the FY 2024–25 annual budget, a tax levy ordinance and related ordinances; the budget raises $67,700 (2.97%) more than last year and lists $41,171.41 in new property tax revenue.
Cameron’s City Council on Sept. 16 adopted the FY 2024–25 annual budget and approved an ordinance levying ad valorem taxes for the coming fiscal year while keeping the property tax rate at $0.659373.
City Manager Ricky Tow reviewed revenues and expenditures for each fund during a public hearing. The budget document notes the city will raise $67,700 more in property tax revenue than last year (a 2.97% increase), and that revenue from new property added to the tax roll is $41,171.41. Mayor Nathan Fuchs confirmed “all funds were balanced except for the General Fund which showed an excess of revenue.”
The council voted to approve the budget and related ordinances on second and final reading. The roll call on the budget shows votes FOR: Council Members Deal, Harris, Cryer, Vaculin, Pratt and Dominguez; there were no votes against. Council Member Kyle Deal moved to approve the tax-levy ordinance (ORDINANCE NO. 2024-09-16-015); Council Member Harris seconded and the motion carried unanimously.
Why it matters: the adopted budget sets spending priorities and revenue expectations for the city through Sept. 30, 2025, and the unchanged tax rate means property owners will not face a higher rate than the previous year despite a modest increase in projected revenue from new property.
Next steps: the tax levy ordinance takes effect according to the dates specified in the ordinance; city staff will implement the budget in the coming fiscal year and report back on financial performance at regular intervals.
