BY COMMUNITY IMPACT STAFF
Double Oak hires new town administrator Chris Laugenour, who has finance and administration experience, joined the town as its new administrator Sept. 3, according to a news release. Zooming in Laugenour most recently served as managing director for the city of Grapevine’s Convention & Visitors Bureau. “His leadership was instrumental in significant projects, including the successful Convention Center expansion study and the renovation of the Community Center,” the release states. The context The town administrator acts as a top executive and is responsible for the overall management of the town’s operations.
Flower Mound council sets lower tax rate Flower Mound residents will see a slight decrease in their tax rate in the coming fiscal year. On Sept. 16, Town Council members voted to approve the fiscal year 2024-25 budget, which includes more than $95.5 million in expenditures from the general fund, along with a slightly lower tax rate. What you need to know The new FY 2024-25 tax rate is set at $0.387278 per $100 valuation—a reduction from the previous tax rate of $0.3873—and includes $0.323876 for maintenance and operations and $0.063402 for interest and sinking. The new voter-approval tax rate is the highest rate that town officials can adopt without holding an election. Previously, town officials said that the average homestead taxable value for this year will be
Flower Mound tax rate history
$0.5 $0.4 $0.3 $0.2 $0.1 $0
$0.41
$0.38
2021-22
2022-23 2023-24 2024-25
Fiscal year
SOURCE: TARRANT APPRAISAL DISTRICT/COMMUNITY IMPACT
$544,415—a 21.72% increase from last year. That means that while the tax rate is decreasing, taxes on an average home will increase by about $376 to around $2,108. In total, the town expects to bring in about 11.5%, or an additional $6.23 million, more tax revenue from the previous fiscal year What else? Total funds from the FY 2024-25 budget amount to more than $355 million, according to city docu- ments. Total revenues are expected to amount to nearly $277 million.
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FLOWER MOUND - HIGHLAND VILLAGE - ARGYLE EDITION
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