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.
