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City of Cleburne News

Posted on: August 9, 2023

Council Reviews Fiscal Year 2024 Budget, Considers Lower Tax Rate

Budget and Finance

The Cleburne City Council is in the process of adopting its fiscal year 2024 budget, which outlines the City’s expenditures and revenues for the fiscal year that begins on Oct. 1, 2023.

City Council held a budget workshop at its Aug. 8 meeting. The budget remains conservative and continues to focus on preserving the charming character of the City, improving customer service levels, and maintaining and investing in infrastructure to meet the future needs of a growing community.

The budget features a proposed tax rate that is approximately 6 cents lower than the current rate ($0.581318 per $100 of valuation, compared to the current rate of $0.640476). This would be the fifth consecutive year that the City Council would have decreased the ad valorem tax rate, with a total five-year reduction of 22 cents per $100 of valuation. View the full 2023 tax rates notice here.

The City is able to again reduce its ad valorem tax rate due to new development, cost savings initiatives, a reduction in our debt payment, and an increase in existing property values.

“We do everything we can to maintain a high level of service while being good stewards of taxpayer dollars. With this budget, we are able to reduce our tax rate for our residents,” said Mayor Scott Cain. “We’ve also been able to include an investment of $25 million dollars in streets, water, wastewater, drainage and parks investments and capital project improvements.”

The $150 million budget continues City Council’s goals that focus on economic development, continue proactive infrastructure projects, maintain safe and clean neighborhoods, build and sustain a robust workforce, and enhance the level of care and maintenance for City facilities, grounds, vehicles and equipment.

Watch the budget workshop video here.

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