Government
New Braunfels balances budget for FY 2024-25 New Braunfels City Manager Robert Camareno presented the proposed fiscal year 2024-25 budget to City Council on Aug. 5, highlighting a balanced budget and a minor adjustment to the tax rate. The breakdown For FY 2024-25, the proposed tax rate is set at $0.4089 per $100 valuation. This rate remains effectively flat from last year, with a shift of half a penny from debt service to general funds, Camareno said. Specifically, the debt service portion of the tax rate is $0.2039, while the general fund portion is $0.2050.
Comal County officials propose new tax rates Officials presented several options for fiscal year 2024-25 and scheduled a public hearing to discuss potential impacts. The details The approved budget totals $162.06 mil- lion. The proposed tax rates represent a decrease from the previous year’s voter-ap- proval rate of $0.428 per $100 valuation. Salaries of elected officials were part of the discussion, Comal County Judge Sherman Krause said.
New Braunfels tax rate history
Maintenance and operations rate Interest and sinking rate
$0.5
$0.4
$0.3
$0.2
$0.1
$0
2021-22 2022-23 2023-24 2024-25*
Fiscal year
SOURCE: CITY OF NEW BRAUNFELS/ COMMUNITY IMPACT
*THE FY 2024-25 TAX RATE HAS NOT BEEN FORMALLY ADOPTED
cover one-time costs, maintaining consistency with past practices, Camareno said. Key areas include employee compensation, technology improvements, and public safety enhancements. City council will continue to review the proposal, with public hearings and final adoption set for Sept. 9.
Proposed tax rates for FY 2024-25 per $100 valuation
The proposed budget includes: • Total revenues: $210.4 million • Total expenditures: $322.6 million
No-new-revenue rate
$0.264
The city plans to utilize its fund balance—or leftover reserves from the prior budget year—to
Voter-approval rate
$0.378
SOURCE: COMAL COUNTY/COMMUNITY IMPACT
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