Buda City Council Adopts New Fiscal Year 2024 Budget
BUDA, TEXAS – Buda City Council adopted a new Fiscal Year (FY) 2024 budget during its regular meeting Tuesday, Sept. 19.
The new budget totals $107,642,006, including $52.5 million in capital projects related to implementation of the 2021 General Obligation (GO) Bond and other planned capital projects.
“We have produced a sound budget aimed at meeting the needs of the Buda community. While the City's adopted tax rate exceeds the no-new-revenue tax rate, it does not exceed the voter-approval tax,” Buda City Manager Micah Grau said. “This budget also allows us to meet key goals in the City’s 15-Year Strategic Plan such as exceptional City services at a low tax rate, improved mobility, and fun experiences for all Outdoor Capital of Texas.”
The budget also programs an increase of 10.5% in water rates but no increase in wastewater rates, which results in an estimated 5% increase on the average home utility bill. No rate adjustments are proposed for the sanitation fee.
The adopted $19,289,753 general fund budget for FY-2024 represents a $2,336,400 increase over the FY-2023 general fund adopted budget. Key budget items for FY-2024 include:
- The adopted budget provides funding supporting the City population of more than 18,000 residents, covering 9.2 sq./mi.
- Provides market pay adjustments for first responders and other staff for retaining employees and recruiting new ones
- Proposes $43.6 million in debt proceeds to fund capital projects approved as part of the 2021 Bond Election
- Includes an average combined 5% water/wastewater rate increase for the average home
- No rate change for waste/recycling services
- Addresses priorities identified by City Council:
- Mobility, Sidewalks, and Infrastructure: road maintenance program, trail/sidewalk gaps, bond program implementation
- Parks: fix City Park, Sportsplex repairs, Garison Park
- Public Safety: community policing
- Development Process Improvements and Economic Development: communicate development process, retail recruitment, continue to decrease review times, FM 1626 corridor development
- Downtown Parking
- Maintain Low Tax Rate
- Employee Retention
- Grant Funding
- Public Arts Program
- Includes 4.75 new staff positions
- 3 Seasonal Park Technicians
- 1 Information Technology Specialist
- 1 Event Coordinator
- 2 Public Works Tech I positions
The Proposed Fiscal Year 2024 Budget Book is available on the City of Buda website. The final adopted budget will be added to the website when edits have been completed.
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