What is the budget of Buda Texas?

Buda City Council has recently made a significant decision regarding the fiscal year 2024-25 budget, approving a total allocation of $85 million. This move underscores the council's commitment to ensuring the city's financial stability and growth in the coming years.

Alongside the budget approval, the council also took a step towards generating additional revenue by increasing the property tax rate. The decision to hike the tax rate was made on September 17, reflecting a careful consideration of the city's financial needs and the ability of property owners to contribute.

Specifically, the newly adopted property tax rate for FY 2024-25 stands at $0.3395 per dollar of assessed value. This represents a modest increase from the previous fiscal year's rate, with an additional $0.0016 being added to the per-dollar tax burden.

While the tax hike may be a source of concern for some property owners, it is important to note that the increase is minimal and is likely to have a negligible impact on most taxpayers. Furthermore, the additional revenue generated will be crucial in funding essential city services and infrastructure projects.

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