The City Council of Lewisville is set to discuss the city's financial future come Monday, Sept. 9, during the routinely convened Council meeting. In focus is the proposed $137 million General Fund operating budget for the fiscal year 2024-25 that plans to meet its requirements by increasing the property tax rate by 0.33 cents to 0.422435 per $100 valuation. Alongside this, residents should anticipate utility rates to jump by 9.7 percent, a notable rise seeing as such adjustments have been sparingly made, this being only the fourth instance in three decades.
While managing fiscal responsibilities, the Council's proposal comes with reassurances that Lewisville's tax rate will still be one of the most competitive in the North Texas region. The implications of these changes are set to further unfurl during another public hearing scheduled for Sept. 16. This subsequent session is designated to deliberate setting the property tax rate, a motion detailed by the City of Lewisville.
Residents with an inclination to scrutinize the ins and outs of the proposed budget can do so either digitally on the city's Annual Budget page or physically at the City Secretary’s Office and the Lewisville Public Library during standard operating hours. The comprehensive budget document is made accessible to afford transparency and invites public participation in the city's financial direction.
Queries concerning the impending budget have a directed point of contact: Ashley Carlisle, Budget Manager, is available to address any such financial inquiries or elucidate upon the specifics of the proposed changes. Those looking to get in touch with the manager are prompted to do so by reaching out at 972.219.3411.
