Midland City Council votes on budget, tax rate for FY 2024-25

Sep 12, 2024 · The city council also voted on the tax rate for fiscal year 2024-25. According to the meeting packet, the proposed rate of 0.350662 per $100 valuation consists of a voter-approval …

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Midland City Council Votes On Budget, Tax Rate For FY 2024-25

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Sep 12, 2024 · The city council also voted on the tax rate for fiscal year 2024-25. According to the meeting packet, the proposed rate of 0.350662 per $100 valuation consists of a voter-approval …

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City Council Lowers Property Tax Rate For 2024-25 Fiscal Year

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Sep 18, 2024 · Council members also approved the budget for the 2024-25 year, which runs Oct. 1 through Sept. 30. The general fund will see about $8.8 million more dollars this fiscal year, …

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City Proposes Slight Property Tax Rate Cut For FY 2024-25

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Sep 16, 2024 · Midland City Council to consider lowering the property tax rate to 0.348662 cents per $100 valuation for the next fiscal year. ... for every dollar in property tax for the most recent …

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City Of Midland Leaders Start Work On $168M Proposed Budget

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Aug 2, 2023 · City of Midland leaders have started the budget process for fiscal year 2024, and it has started with a likely property tax increase. City leaders have approved a tax rate ceiling of …

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City Of Midland Officially Lowers Tax Rate | Newswest9.com

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Sep 18, 2024 · Thanks to Midland's growth, the city was able to lower the tax rate. City council also passed a $454 million budget, with $176 million of that in the general fund.

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News Flash • Sales Tax Collection Remains Ahead Of Budget

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Dec 15, 2023 · The City of Midland has collected $11.115 million in sales tax through the first two months of fiscal year 2024-25. The amount is a $137,363 increase over what city officials …

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Midland County Approves FY 2024-2025 Budget | Newswest9.com

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Sep 18, 2024 · The approved rate is 0.13157964, generating $75,958,855 in property tax revenue for this year’s budget. Last year’s tax rate was 0.120430. Despite the increase, Midland …

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Midland's Growth Could Mean Rising City Tax Bill

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Sep 4, 2023 · The Midland City Council also – by a 5 to 2 vote – approved an increase in the tax rate that is likely to raise the city’s portion of the tax bill on the average home from $1,153.87 to ...

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Midland Ratepayers Facing 4.54% Tax Hike As Council Dips Into …

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2 days ago · To begin, council passed a 4.54% municipal tax rate increase for the town of Midland during the 2025 budget meeting, equating to a 3.95% blended tax rate increase. However, of …

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FAQs about Midland City Council votes on budget, tax rate for FY 2024-25 Coupon?

What is included in Midland's budget?

The budget also includes enterprise funds related to the Midland International Airport, water and other items that are separate from the general fund. City Council unanimously agreed on a proposed tax rate of 0.350662, which is the same one adopted for the 2023-24 fiscal year. ...

When will city council's budget and tax rate readings take place?

During Tuesday's city council meeting, a presentation showed hearing dates for the budget and tax rate readings that would take place on Sep. 10. The final hearing would take place Sept. 17. However, Mayor Blong said the next reading will take place in two weeks. ...

How much difference would a FY2024 budget make?

It would be a nearly $30 million difference compared to the FY2024 budget. "Today what we considered was our general fund as well as the the remaining budget... the $176 million general fund budget, which includes all of our public safety for police and fire," Mayor Blong said. ...