Page 11 - HaltomCityFY25Budget
P. 11
CITY OF HALTOM CITY
September 30, 2024
To The Honorable Mayor An Truong and Members of the City Council
Re: The Adopted Annual Budget for Fiscal Year 2024-2025
As you know we have enjoyed a great deal of economic success over the past several years. It has been
very uplifting and encouraging that our new economic growth and revitalization plan has worked much
faster than we had anticipated! We also realize that our continuous improvement efforts are never
ending. Therefore, we will stop just long enough to recognize all that we have accomplished and then get
right back to work in our quest to constantly improve the quality of life for all our stakeholders and most
importantly our Haltom City Residents.
Our dedicated staff appreciates your support and guidance for the development of this budget. As
previously mentioned, we have been blessed as a community over the past few years with significant
economic growth. Your leadership, commitment, and service, have and will continue to bring prosperity
for our businesses and to our citizens. The City Council’s Value Statements of dependability, integrity,
responsiveness, respectfulness, and accountability are who we, as a city, strive to be every day and these
values drive our City’s budget initiatives.
It is an honor and a privilege to present the Annual Budget for Fiscal Year 2024-2025. This upcoming
budget year we will continue to focus on our strategic three-pronged approach of attracting job-creating
businesses, increasing new residential housing, and holding to development and code standards to
facilitate prosperous economic development.
Over the past eight years, our City has experienced significant growth, leading to a twelve-cent drop in
property taxes due to increased property values. This reduction in the tax rate has been instrumental in
attracting new businesses, fueling further economic expansion. As a result, Haltom City is now ranked
among the top 100 out of 1,221 Texas cities in generating sales tax revenue, according to the State
Comptroller.
