Page 11 - BurlesonFY24AdoptedBudget

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City Manager’s

Budget Message

August 11, 2023

To the Honorable Mayor and Members of the City Council:

The proposed budget has been developed over the last several months with the input of
the city council and community. It is designed to meet the challenges faced by the
organization and accomplish the goals outlined in the City of Burleson's Strategic Plan.
The Fiscal Year (FY) 2023/24 Proposed Budget has also been developed in the context of a
five-year financial plan. This approach aims to ensure that decisions made today are
financially sustainable in the future.

This memo provides detailed information on the budget focus areas, proposed new
positions and other service enhancements. Below are some of the key takeaways from
this year’s proposed budget.

Takeaways

1. Lower tax rate
For the fifth straight year, the property tax rate is being reduced. The proposed tax
rate of $0.6325 is $0.0247 lower than last year’s rate of $0.6572. Since 2019, the rate
has been reduced over ten (10) cents, from $0.7350 (2019) to $0.6325 (2024).

2. Homestead exemption
Last year’s budget included a two percent (2%) homestead. The proposed budget this
year includes a three percent (3%) homestead exemption in FY 2024, which will be
increased one percent (1%) each year thereafter until the city reaches a five percent
(5%) homestead exemption.

3. Street, Traffic and Infrastructure Improvements
The Capital Improvement Program (CIP) proposes $28.2M in street, traffic and

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