Budget Highlights
The fiscal year 2024-25 proposed budget is based on a tax rate of $0.5435, which is the largest tax rate reduction in 41 years.
The fiscal year 2024-25 total combined budget expenditures are estimated at $169,354,967.
This budget will generate less property tax revenue than last year’s budget.
Despite increased costs, there are no proposed increases to water/sewer or stormwater rates.
General Fund Expenses
General Fund operating expenses for fiscal year 2024-25 are $88,352,100, which is a 6.74% decrease from last year’s amended budget.
General Fund personnel costs represent 56.57% of General Fund expenditures.
Public Safety Remains Top Priority
The proposed budget includes a 3% increase for sworn public safety employee step plans, and merit increases for non-sworn staff.
Also included is funding for seven full-time public safety employee equivalents, three Firefighters and four Public Safety Officers (3 are partially offset with grant funding).
Landfill Closure/Post Closure
A nominal residential trash collection fee will be added to utility bills to help support landfill closure/post-closure. $5 per month on City utility bills, or $2.50 for seniors and disabled persons.
Capital Improvement Program (CIP)
$29,751,631 is included for Capital Improvement Projects.
$5 million for our regional share of the construction costs for the North Texas Emergency Communications Center (NTECC) 911 dispatch facility.
$5 million for public safety equipment and vehicles.
$2.69 million for construction costs in remodeling The Branch Connection.
Additional projects included in the multi-year CIP budget are drainage improvement projects, significant utility replacement and inflow & infiltration funding, Street revitalization and improvement, public safety radio replacement, Mercer Park, and Squire Park.
Fixed Asset Fund
Fixed Asset Fund includes replacement funding of $6,267,800.
Budget In Brief Being Good Custodians
of Taxpayer Dollars
Total Citywide Budget
The Fiscal Year 2024-25 Proposed Budget totals $169,354,967.
How Will the Budget Be Spent?
The City’s budget is made up of several fund groups, each with specific purposes. The majority of the budget is held in the General Fund, Water/Sewer/Stormwater Fund, and Capital Improvement Projects. These funds account for 89% of the total budget and provide funding for most of the services and amenities residents receive.
Budget Highlights
A historic $.0255 cent reduction is proposed for FY 2024-25. The largest tax rate reduction in 41 years. A Tax Reduction 2 Years In a Row
$5 million for our regional share of the construction costs for the North Texas Emergency Communications Center (NTECC) 911 dispatch facility.
public safety equipment and vehicles
Increase for sworn public safety employees
Property Tax Revenue Will Be Collected
• The proposed budget is below the no
rate.
Your property values have been going up. From 2023 to 2024 Dallas Central Appraisal District increased property values causing the average home value in Farmers Branch to rise.
Average Home Value in
The City’s $.0255 cent tax rate decrease is an effort to offset rising values and will result in $7,402 less revenue from property taxes raised compared to last year’s budget. $380,531 Proposed Tax Rate of $0.5435
Average Home Value
For decades, Farmers Branch residents have enjoyed trash collection at no additional cost, made possible because the City owns the Camelot Landfill in Lewisville. However, the landfill is expected to reach capacity and close in 22 years. To begin preparing for the landfill closure/post closure expenses, a nominal fee of $5 per month will be added to single-family City utility bills. For seniors and disabled persons the fee will be $2.50. This new fee will become effective during the 2024-25 fiscal year.
$88,352,100
Tax Bill Distribution
How Our Tax Bill Compares
Budget Components
The Fiscal Year 2024-25 budget is a proactive budget prepared by City staff under the guidance of City Council. The budget is based on six strategic areas that have been identified by City Council as being the top priorities for the City of Farmers Branch.
Six Strategic Areas of the Budget
