Page 12 - HaltomCityFY25Budget

The rise in Sales and Use revenue have continued to increase and the influx of new businesses have
brought approximately 5,000 new jobs and new residents to our community over the past several years.
Commercial and residential developments will continue to produce increased revenues for both property
tax and sales tax and supply the necessary revenues to meet strategic goals during our budget planning
process.

Each budget decision is in accordance with the City Council’s 2024-2025 Strategic Goals listed below:

 Goal 1: Continue to Cultivate the Commercial and Residential Development Plan for a successful
Economic Development Environment including our TIRZ, the Tax Increment Reinvestment Zones.

 Goal 2: Establish and maintain Competitive Employee Compensation to Retain and Attract High
Quality and Diverse Staff while maintaining a Relationships-Driven Culture along with other incentives
such as alternative work schedules, increased number of paid holidays, etc.

 Goal 3: Promote and Support Safety and Security within Our Community while providing Quality
Services and increase safety in and around our schools.

 Goal 4: Practice Fiscal Responsibility while Utilizing Performance Measures

 Goal 5: Build and Maintain Partnerships with Non-Profit Sector to Advance the Revitalization and
Beautification of the City

 Goal 6: Address Critical Facility & Infrastructure Needs

 Goal 7: Implement Innovation Technology Solutions for Security and Performance

On behalf of the staff, we want to thank you for your support, direction, confidence, and guidance
during our meetings. At our budget workshops, we discussed our upcoming budget needs to maintain
and improve city service levels. The budget adoption and tax rate setting will also include public hearings,
to be conducted during Regular and Special City Council Meetings.
Some of the specific topics/concerns that formed this budget process include:

• Strategic Goals
• Tax Rate, Debt Capacity, and Overall Fiscal Responsibility

• Economic Development and Revitalization