Government
BY HEATHER ALDRIDGE & MARK FADDEN
Roanoke City Council votes to keep flat tax rate Roanoke City Council unanimously approved the fiscal year 2024-25 budget and a tax rate of $0.308039 per $100 valuation during the Sept. 10 meeting. The overview The tax rate remains the same as FY 2023-24, but because the appraised value of homes went up this year, it will appear as a 2.8% tax increase, bringing in more tax revenue to the city. The budget expects to bring in $55.46 million total with general property taxes, sales taxes and various other incomes. This is an increase from the projected FY 2023-24 revenue by $2.54 million. The city expects to spend $63.32 million total for all departments and end with $34.81 million in reserves for emergency expenditures and the beginning balance for FY 2025-26 year.
Fort Worth to conduct national search for new city manager The city of Fort Worth will conduct a national search to find the new city man- ager. The initiative comes after current City Manager David Cooke announced his retirement, which is set for February 2025. Diving in deeper The release states search will target highly qualified city management professionals through national recruitment efforts, ensuring that a diverse range of candidates are considered. City and county managers have several responsibilities, including: • Carrying out the city council’s decisions • Overseeing all city employees
Projected expenditures for Roanoke FY 2024-25 Most expenditures are budgeted for administration at $21.55 million. The police department is the next-highest expenditure. Administration
$21.55M
Community Cash-Funded Capital
$3.37M
Services $1.1M
Development
$1.13M
Fire Department
$6.99M
Parks & Recreation Police Department
$6.46M
$11.15M
One-time costs Public Works
$2.1M
$7.86M
SOURCE: CITY OF ROANOKE/COMMUNITY IMPACT
Additional details The taxes will be distributed with $0.178187 of taxes going toward maintenance and operation and $0.129852 towards the payment of debt for the city.
Fort Worth tabs $690M for police, fire departments The Fort Worth City Council unanimously approved the city’s fiscal year 2024-25 budget during their regular meeting Sept. 17. The tax rate of $0.6725 per $100 valuation remains unchanged from last year’s rate. The details According to the news release, the city’s general fund is $1.06 billion, which represents a 4.3% increase from FY 2023-24. The city’s entire budget for FY 2024-25 is $2.79 billion. Some budget highlights include: • $690 million for the police and fire departments • $76.5 million for parks and recreation • $107 million for transportation & public works The new fiscal year began Oct. 1.
City of Fort Worth tax rates
$0 $0.2 $0.4 $0.6 $0.8
2021 -22
2022 -23
2023 -24
2024 -25
2020 -21
SOURCE: CITY OF FORT WORTH/COMMUNITY IMPACT
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