Coppell adopts budget and tax rate

Coppell—After many months of diligent work, numerous discussions, and public workshops, the Coppell City Council voted to approve the fiscal year 2024-2025 budget and tax rate of $0.458632 per $100 valuation, a decrease from the current fiscal year tax rate, at the Aug. 27 meeting. This budget will go into effect Oct. 1.

The budget balances revenues and expenditures, maintains the city’s infrastructure, and enhances existing service levels, all while considering the challenges affecting revenue streams, including state legislation, the increase in the cost of goods and services, inflation, and the competitive labor market.

The city of Coppell has a strong history of strategic planning and uses community feedback to guide its direction. The city uses the priorities identified by the community in the Vision 2040 Strategic Plan as a roadmap that directly influences services provided and projects undertaken.   

Though the budget is comprised of numbers, percentages, and charts, it represents something larger.

“It is a reflection of the community’s values, priorities, and vision,” said City Manager Mike Land. When we allocate resources towards building a community, we are not just incurring expenditures; we are investing in Coppell’s well-being, growth, and sustainable future.”

Fiscal Year 2024-2025 Budget Highlights

General Fund revenues of $74.4 million, an increase of 7 percent from the current year's budget.

General Fund expenditures of $74.3 million, a 7.57 percent increase from the current year's budget. This analysis excludes the one-time transfer completed in fiscal year 2023-2024 to fully fund the Capital Replacement and Enterprise Solutions Replacement Funds, as well as the expected fiscal year 2024-2025 transfer to the Infrastructure Maintenance Fund (IMF) to fully fund traffic and facility projects for the next five years.

Allocations to the Infrastructure Maintenance Fund that will allow the city to fully fund facility and traffic projects for the next five years

CRDC funding for park infrastructure improvements, park amenities, replacements, and repairs of capital equipment

Funding for two new positions, an economic development coordinator and a senior code compliance officer, that will help the city attract economic development and maintain the integrity of neighborhoods

The intentional use of fund balance and retained earnings for one‐time expenses, such as the purchase of body cameras for the police department

SOURCE City of Coppell