Overview
As Mayor, I am proud to present the adopted budget for the City of Meadows Place for Fiscal Year (FY) 2024-2025.
This budget is a product of extensive collaboration among staff, elected officials, department heads, and citizens. This process, which begins in late spring and continues through summer, involves determining and prioritizing the City’s needs based on past commitments, current obligations, and anticipated challenges. The process involves multiple departmental meetings followed by discussions with myself and Council.
City Council strives to ensure the most effective use of taxpayer dollars. After considering public input, Council may adjust the budget to better align with its objectives. The budget serves as a crucial planning tool, offering direction and guidance to city staff throughout the year. It reflects the goals and objectives established by City Council, adheres to the Meadows Place Vision Statement, and upholds the safety standards expected by our community.
In line with our tradition of conservative financial management, the City of Meadows Place has adopted a budget that supports ongoing services and progress. This year’s budget increases funding for street repairs, allowing us to address more of our sunken street panels. Additionally, the budget introduces a change that will impact this newsletter. It costs nearly $50,000 annually to print and mail twelve newsletters. To achieve significant savings, we will transition to a quarterly publication schedule in 2025.
Another part of the budget process is an annual review and adoption of the Capital Improvement Plan 2024-2025
Both the Capital Improvement Plan and Budget are available to view, either below, or in the City Secretary’s office.
FY 2024-2025 Meadows Place Adopted City Budget 08.20.2024
View the 4th Q’24 Budget Report ended 12/31/2024, for FY 2024-2025, 25% complete.
2024 Tax Rate Public Hearing Notice
The Adopted 2024-2025 Tax Rate and tax rate comparison for previous two years is shown in the following chart.
Council Meeting 08.13.2024 Tax Rate Presentation
2024 Tax Rate Calculation Worksheet 08.02.2024
2023 – 2024 Meadows Place Adopted City Budget
2023-2024 Adopted EDC Budget
2023 – 2024 Capital Improvement Plan
2023 Tax Rate Notice Additional details of these tax rates can be found in the 2023 Tax Rate Calculation Worksheet.
The Adopted 2023-2024 Budget is based on an adopted tax rate of $0.799610 per $100 of assessed value. This rate is a decrease of $0.00639/$100.
Note: there are no additional MUD, HOA or Levy District taxes in the City of Meadows Place. Total debt obligation for the City of Meadows Place secured by property taxes is $0.
Click here for PRIOR YEAR (2022 – 2023) INFORMATION
View Prior Financial Reports for Meadows Place
View EDC Budgets for Meadows Place