Irving City Council Approves $306M Budget for FY25, Keeps Tax Rate Unchanged

On September 12, the Irving City Council adopted the Fiscal Year 2024-25 (FY25) budget, maintaining a tax rate of $0.5891 per $100 of property valuation. The city's fiscal year begins on October 1 and runs through September 30 annually.

The FY25 General Fund, which is the city's primary operating fund, totals $306,081,132. This fund covers essential services such as public safety, engineering, transportation, parks and recreation, libraries, community development, and internal services. It is mainly financed through property and sales tax collections.

The FY25 budget is structurally balanced, preserving the city's service levels while adjusting workforce wages to stay competitive in the municipal market. Additionally, the budget allocates funds for service enhancements, new projects, and equipment.