Government
New Braunfels’ FY 2024-25 budget, tax rate approved
Comal County budget, tax rate approved Comal County Commissioners Court approved the fiscal year 2024-25 budget, along with the tax rate. The county forecasts a 2.8% increase in total property taxes over last year’s budget, or $2.55 million. Property tax revenue raised by new prop- erty added to tax rolls is expected to add $4.14 million, according to county documents. The approved budget totals $162.06 million. The breakdown The recent decision on the FY 2024-25 budget includes a revised tax rate, reflecting adjustments from previous rates.
New Braunfels City Council approved a $322.6 million budget—with a property tax rate of $0.408936 per $100 valuation for fiscal year 2024-25—Sept. 9. The update Council approved the budget, setting a tax rate slightly above the no-new-revenue rate, which will result in a 2.7% increase in property taxes for residents, said Carrie Cook, budget manager for the city. For homeowners, this is an increase of approxi- mately $7.17 for every $100,000 of property value, Cook said. By the numbers Despite the increase in expenditures, the budget is expected to exceed last year’s revenue, as previously reported. “This is a structurally balanced budget,” City Manager Robert Camareno previously said.
Tax rate history
Fiscal year
Maintenance and operations rate
Interest and sinking rate
$0.205 $0.2 $0.205
$0.2089 $0.2089 $0.2039
2020-21 2021-22 2022-23 2023-24 *2024-25
$0.2552 $0.2474
$0.228 $0.228
* THE FY 2024-25 TAX RATE HAS NOT BEEN FORMALLY ADOPTED BY THE CITY OF NEW BRAUNFELS.
SOURCE: CITY OF NEW BRAUNFELS/COMMUNITY IMPACT
“...recurring revenue is either greater than or equal to recurring expenditures.” More than $3.13 million will be raised in total property taxes than last year, or about a 6.4% increase, according to city documents.
No-new-revenue rate Voter-approval rate $0.264 per $100 $0.378 per $100
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