Page 19 - CityofMansfieldFY25Budget
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The budget that accompanies the service program maintains this focus and recognition that growth must
               produce value and quality.

               Public Input

               City Staff began informing and updating council members and the public on the budget development
               process during regular City Council open meetings beginning in June 2024. A public hearing took place
               on September 9, 2024, on the FY 2024-2025 budget and the tax rate, as well as the reauthorization of
               building  permit fees.  Prior  to  the hearing,  a balanced  budget addressing  the annual  service program
               priorities, staffing, equipment needs, and proposed infrastructure improvements for the upcoming fiscal
               year  was  presented in  detail  at the August 12,  2024,  regular City Council  meeting.  A few  citizens
               expressed their opposition to the inclusion of a specific staff position; however, the position remained in
               the budget.

               City Council’s level of involvement during the entire budget process resulted in further reduction to the
               property  tax rate  and an increase to the homestead  exemption.  On September  09, 2024,  City Council
               voted  unanimously  6-0  (one  council member  was absent)  to  adopt  the tax rate.    Separately, the  City
               Council voted to approve the budget as presented by the City Manager, also by a unanimous vote of 6-0.

               Click on the link below to view the FY25 Budget Presentation to City Council on September 09, 2024.

                                            FY25-Budget-2nd-Public-Hearing-9-9-24



















               2024-2025 Budget Highlights

               • City Council voted to decrease the tax rate from $0.659293 to $0.645000 per $100 of valuation.
               • City Council increased the Homestead Exemption by 2%, bringing the total exemption to 16%.

               • The City will provide employees with a cost-of-living adjustment of 3%.
               • The City will add 25 new full-time equivalent positions city-wide.

               • The City allocated $5.8M for operating equipment.
               • Increased funding for the Street Maintenance program and over $74M to address infrastructure needs.

               • The budget provides for a Community Activation Grant for local businesses.
               • The City improved the General Fund balance to over $34,000,000.



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