The Aledo City Council unanimously approved a property tax rate of $0.390082 per $100 of property value for the 2024-205 budget year at is Sept. 5 meeting.
The median household value in Aledo is about $600,000, which would result in a tax bill of $2,340 for a home of that value.
About 33% of that amount will go toward servicing Aledo’s debt service.
The council also approved the overall 2024-2025 budget, which anticipates revenues of $4,135,430 and expenses of $4,027,386.
The budget takes initial steps toward a city police department, allocating $770,279 for a full-time public safety director, professional services, supplies, and vehicle maintenance.
The budget also reflects the city’s absorption of the East Parker County Library, allocating $181,265 for that purpose.
The council also heard from Chris Ekrut, chief financial officer of Newton Strategies, who provided information toward the idea of changing sewer rates based on winter averaging.
Winter averaging would set sewer rates based on water usage during December, January, and February, with the idea that much of the water used during the summer does not enter the sewer system.
Ekrut pointed out that winter averaging would provide residents with the ability to lower their year-round sewer rates by conserving water during the winter months.
The council took no action on winter averaging. The next council meeting will be at 6 p.m. on Thursday, Sept. 26.
A celebration will be held an hour before the Sept. 26 meeting to honor retiring city secretary Deana McMullen.
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