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The proposed budget for fiscal year 2024 has been released, city officials say

by Gavin Wright
July 25, 2023
in Local News
City officials are inviting you on March 25th at 501 Schroeder Drive to get rid of your household hazardous waste

Waco, TX – According to the statement, the City will invest over $240 million in capital improvement projects for water, wastewater, solid waste, streets, parks, and fire for FY24.

The average residential monthly combined utility bill for FY24 totals $139.06/month. In FY20, the total monthly bill was $112.95, inflationary adjusted to $141.21 in FY24.

The FY 2023-2024 General Fund proposed budget is $203.7 million and maintains the City Council’s reserve policy of 28%.

City employees are critical to ensuring the success of our City and will receive a 5% general salary increase as well as improved benefits to ensure employee retention and recruitment.

The budget will include a 30% COLA for retirees and significant raises on top of the 5% for Police and Fire.

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