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Arcola council adopts FY 2024–25 balanced budget and ratifies tax-rate finding
Summary
City Administrator Dr. Annette Goldberg presented the FY 2024–25 budget; council adopted the budget and ratified that the proposed tax rate would raise more property tax revenue than last year, then moved into executive session.
City Administrator Dr. Annette Goldberg presented highlights of the proposed FY 2024–25 budget and told the council the city would not change the tax rate for the coming year. "I just would like to reaffirm that we are not changing the tax rate for this coming year," she said during the hearing.
Goldberg summarized key figures for the enterprise and general funds: she reported enterprise fund total revenue of $3,393,447 and noted total capital expenditures of $1,538,186. For the general fund she cited total revenue of $4,670,138 and listed police department expenditures of $1,435,610. "As you can see, our expenditures do equal our expenditures for the enterprise side" and she said the budget as presented is balanced and that FTE counts would not increase.
Council member Greg Abar moved to adopt the budget; Council member Rosemary Bigby seconded and the roll-call motion passed. Council then considered and approved a motion to ratify the finding that the proposed tax rate would raise more property taxes than last year; the motion carried by recorded ayes. The council then recessed to executive session under the Texas Government Code provisions cited for consultation with the attorney and personnel matters.
Why it matters: Adoption of the city budget sets appropriations and guides city services and capital spending for the year. The tax-rate finding is a statutory determination that triggers public-notice and election thresholds and informs future budget and tax decisions.
What happens next: Implementation of the adopted budget and any detailed posting of revenue or fund transfers will follow standard administrative processes; the city will report any executive-session outcomes in future public records or minutes.
