Page 11 - CityofBurlesonFY25AdoptedBudget

Budget Overview

The city of Burleson fiscal year (FY) 2024-2025 proposed budget addresses increased service
levels to city residents through various supplemental items addressed in this year’s budget to
respond to continued growth, provides required or recommended investments in infrastructure
and other public improvements as well as additional public safety resources. The city has
continued to thrive relative to many markets. Despite the city’s current and future growth
potential and general optimism, this budget has been prepared with conservative revenue
assumptions in mind.

In evaluating the FY 2024-2025 proposed budget, it is important to consider it in context with
several historical organizational initiatives, current conditions, and the impact each has on
planning for additional appropriations. Those with the greatest impact are listed below.

The FY 2024-2025 proposed budget appropriations total $170,965,971 for all operating funds,
not including general debt service, capital projects, or vehicle equipment replacement fund. Of

that amount, a listing of the significant funds includes approximately $63,267,928 for general
fund operations and maintenance, $10,976,718 is for 4A fund, $8,381,605 is for 4B fund,
$2,604,333 is for the emergency medical services fund, $4,704,493 is for the solid waste fund,
and $29,824,167 is for the water and sewer utilities. General debt service appropriations for the
coming fiscal year are $20,772,166.

Value of Taxable Property and Growth

The growth in taxable value of real property corresponds to a significant increase in residential
growth and population over the past 60 months. According to the most recent population
estimates published by the North Central Texas Council of Governments (NCTCOG), the city of

Burleson’s new population as of January 1, 2024 was 53,504. The city has 10 actively developing
residential subdivision phases with a total of 250 single-family lots that are either under
construction or shovel-ready for development.

The city is anticipating an overall 5.94% increase in projected assessed values for the 2024 tax
roll. On September 11, 2023, in an effort to help relieve the increase in residential appraised
values of property, the Council approved an increase in the homestead exemption rate from 2%
to 3%. This increase will be effective in FY 2024-2025. On September 9, 2024, the city council will
consider an ordinance that will increase the exemption from 3% to 5%. This increase will become
effective in FY 2025-2026. The city is also seeing an increase in property values that qualify under

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