Page 4 - TownofWestlakeFY25BudgetOrd1005

TOWN OF WESTLAKE
FISCAL YEAR 2024 – 2025

ANNUAL BUDGET

This budget will raise LESS revenue from property taxes than last year’s budget by an amount
of $71,760, which is a 1.73 percent DECREASE from last year’s budget. The property tax

revenue to be raised from new property added to the tax roll this year is $117,324.

The members of the governing body voted on the budget as follows:

FOR: Tammy Reeves, Anna White, Mike Asselta (remote), Todd Gautier

AGAINST: None

PRESENT and not voting: None

ABSENT: None

PROPERTY TAX RATE COMPARISON

2024-2025 2023-2024
Property Tax Rate $ 0.16788 $ 0.16788

No New Revenue Tax Rate $ 0.188515 $ 0.156032
No New Revenue Maintenance & Operations Tax Rate $ 0.102907 $ 0.097755

Voter Approval Tax Rate $ 0.210692 $ 0.187860

Debt Rate $ 0.050000 $ 0.076710

The total debt obligation for the Town of Westlake secured by property taxes: $46,018,000.

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