CITY OF LAKE JACKSON Fiscal Year 2024-2025 B u d g e t Co v e r P a g e This budget will raise more revenue from property taxes than last year's budget by an amount of $384,095, which is a 3.58 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $70,633. The members of the governing body voted on the budget as follows: FOR: Jon “J.B.” Baker Matthew Broaddus Gerald Roznovsky Rhonda Seth Vinay Singhania Ralph “Buster” Buell, III AGAINST:
PRESENT and not voting: ABSENT:
Property Tax Rate Comparison Property Tax Rate: No-New-Revenue Tax Rate: No-New-Revenue Maintenance & Operations Tax Rate: Voter-Approval Tax Rate: Debt Rate:
2023-2024 $0.327173/100 $0.277211/100
2024-2025 $0.325929/100 $0.315650/100
$0.200663/100 $0.337422/100 $0.126510/100
$0.201093/100 $0.318058/100 $0.116965/100
Total debt obligation for CITY OF LAKE JACKSON secured by property taxes: $39,560,980. 1