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Murphy unveils FY2025 budget video; officials cite lower property tax rate and $57.5M budget
Summary
City staff presented a new FY2025 budget video and overview, saying the adopted rate is 36¢ per $100 and that the $57.5 million budget includes $13.5 million in property tax revenue; officials estimated the typical household will save about $132 a year.
City staff presented a new video and overview of the fiscal year 2025 budget at the Oct. 15 Murphy City Council meeting, noting the city’s fiscal year runs from Oct. 1 through Sept. 30 and the adopted property tax rate is 36¢ per $100 of assessed value.
Assistant City Manager Jared Mayfield and staff said the city’s total budget is $57,500,000, with $13,500,000 expected from property taxes. Staff estimated that the lower tax rate—5¢ below the prior year—would reduce the average household’s city tax bill by about $132 annually, or roughly $11 per month. “That means on average, each household city tax bill will go down by approximately $132 a year or $11 per month,” staff said.
The presentation listed major priorities funded in the adopted budget: continued investment in public safety (police and fire staffing and equipment), parks and trail improvements, a $6,500,000 capital improvement plan for infrastructure, and customer service and IT enhancements. Staff emphasized the budget is balanced and pointed to a continued focus on public safety and streets while noting the city will update the parks, recreation, trails and open‑space master plan.
Officials encouraged residents to follow more budget information on the city website and to attend council and board meetings for updates. The presentation was accompanied by a short video intended to help residents understand how their tax dollars are allocated.
