CITY OF FARMERS BRANCH
BUDGET FY 2024-25 REVISED ADOPTED
SEPTEMBER 17, 2024
Budget Planning & Strategic Focus Areas
Jan
Then do it all again Every Year
Pre-Planning Sessions
Budget Discussions
Budget Town Hall Truth-In-Taxation
Strategic Planning Sessions Bond Updates
Begin Budget Development
Fee Reviews Mid-Year Review
Tax Rate & Budget Deliberations
Adoption of Tax Rate and Budget
Budget Retreat Tax Values Received
Budget Submitted
Budget Planning and Development Non-Profit Reviews New Fiscal Year
Prepare Published Budget Document
Budget & Executive Team Reviews Canvass Election
Submit Budget to GFAO
Citywide Budget
Distribution of the Budget
The total proposed budget is $168,354,967 The total City budget is made up of the Operating Budget and the Capital Budget Most operating expenses, services, and amenities come out of the General Fund Infrastructure projects come out of the Capital Improvement Projects (CIP) Budget
9/17/24
The General Fund
City of Farmers Branch tax is 26% of your tax bill. 74% of what you pay in property taxes goes to other entities.
Branch Has Been Cutting Taxes
the Last Decade
Since 2015, the City’s tax rate has been on a steady decline. Over the last decade, the tax rate has fallen from to $0.60 to $0.57 in 2023. With another rate decrease proposed for 2024 of $0.0255 cents, City leaders are putting their words into action and being good custodians of taxpayer dollars.
History of Property Tax
A historic $.0255 cent tax rate decrease is proposed for fiscal year 2024-25. .0200 Cent 2023-24
Budget Reductions
EFFECTIVEOCTOBER1,2024
REVISED 9/17/24
Community Focused Events
• Two Family Night events
• Two Bark Park events
• Denton Drive Live concert series
$72,500 Savings
10% Reduction in Library Contract
• Library: 4 fewer hours*
$84,799 Savings
Reduced annual allocation to Parks Master Plan
$400,000 Savings
Elimination of The Branch Connection Bus
(no longer needed as there will be more on-site activities at the newly renovated facility.)
$120,000 Savings
Reduction in trail projects
$100,000 Savings
Re-Purposing Citizen Collection Center
$82,897 Savings
Reduction of Contract Services
$60,000 Savings
Enhanced Mosquito Surveillance Program
$50,000 Savings
$970,196 Savings
*Changes would take effect December 1, 2024 and will be communicated to residents and members through City news.