Government
BY RACHEL LELAND
Pearland approves budget, tax rate for FY 2024-25 Pearland City Council approved a $123 million budget for fiscal year 2024-25 and a property tax rate of $0.6350 per $100 valuation of a home at its Sept. 23 meeting. Pearland’s budget expenditures over time +37.59%
City of Friendswood approves 2.7% tax rate increase The city of Friendswood will increase property taxes in fiscal year 2024-25, result- ing in a $116 increase in the city’s portion of the average property tax bill. What you need to know On Sept. 9, City Council voted to approve a tax rate of $0.514172 per $100 valuation, a 2.68% increase from the FY 2023-24 tax rate. This rate will create $27.7 million in rev- enue, Director of Finance Rhonda Bloskas said. City documents show the average tax bill will be $1,813.09. The adopted rate falls between the no-new-revenue rate of $0.495117 and the 2023 voter-approved rate of $0.552283, according to a city staff presentation.
The new rate is expected to raise the city’s portion of the average property tax bill by $61, according to city documents. The big picture On Sept. 23, City Council gave the second and final approval for the budget and tax rate, which is lower than the tax rate in FY 2023-24, but still higher than the no-new-revenue rate of $0.599536 per $100 valuation. The general fund for the FY 2024-25 budget is about $9 million more in expenses, a nearly 8% increase, than the originally adopted FY 2023-24 budget, according to city documents. What else? The new budget also includes updates to the city’s water and wastewater infrastructure, as well
2021-22 2022-23 2023-24 Fiscal year
2020-21
2024-25
NOTE: EXPENDITURES ARE BASED ON EACH BUDGET AS ADOPTED.
SOURCE: CITY OF PEARLAND/ COMMUNITY IMPACT
as new rate increases for Pearland water customers. An average Pearland household using 6,000 gallons of water per month can expect to pay $7.06 more in utility bills, which is a 7% increase.
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PEARLAND - FRIENDSWOOD EDITION
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