City of Poteet

The proposed Annual Operating Budget for the Fiscal Year 2025-2026 includes a grand total of $5,866,390 across all funds, marking an 11.28% increase from the previous year. The budget is balanced with operating expenditures supported by fund-generated revenue, and it aims to strengthen the city's financial position. Key components of the budget include the General Fund ($2,985,450) for traditional city services, Enterprise Funds ($2,241,061) for water and wastewater, a Debt Service Fund ($474,179), Special Revenue Funds ($5,700), and a Capital Improvement Fund ($160,000). The proposed tax rate is $0.995801 per $100 valuation, intended to fund debt obligations. A 5.0% Cost-of-Living Adjustment (COLA) in base salaries for all full-time employees is included, effective October 1, along with additional funds for retention initiatives and increased training across departments.