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Aledo

New city budget proposed

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At a special Aledo City Council meeting on Aug. 10, Mayor Nick Stanley unveiled the proposed city budget and property tax rate for the 2022-23 fiscal year. 

The total budget for all city funds (general fund, water and wastewater, debt fund and economic development fund) is $11,713,792.

The newly proposed property tax rate is 38 cents per $100. It reflects a 3.5% increase in maintenance and operations revenue from the fiscal year 2021-22 property tax rate of 33 cents per $100.

As for sales tax, Stanley said the projected portion coming to Aledo is estimated to be around $1,050,000. That’s up from $913,864 raised in 20-21, while the current fiscal year to date is $787,575 on a budget of $870,000.

Aledo’s share of the 8.25% sales tax is 1.5% (6.35% goes to the state, 0.5% to Parker County).

“Our priority is to have a balanced budget that includes equipment and resources to deliver high-quality services to the Aledo community while being great stewards of the resources we have,” Stanley said. “Some of the key priorities are to grow the tax base (economic development), focus on the many infrastructure needs of our community (roads, water, sewer) and move towards the creation of an Aledo Police Department.  

“In the next fiscal year we will be creating a financial road map that will help guide the funding of our projects so we can accomplish and fund our needs in a reasonable, methodic, and fiscally responsible manner.”

Debt service for the new city hall project is included, Stanley noted. The City of Aledo does not pay for fire as the fire department is provided by Emergency Services District No. 1, which is a taxing authority funded separately through property taxes.  

There are funds in the proposed budget to cover the cost of the sheriff’s contract, $405,000. There is also $50,000 for consulting/professional services in the proposed budget to begin the work of setting up the city’s own police department.

Stanley said the council will meet as often as needed to discuss the proposed budget before its final adoption in September, likely on or before Aug. 22. All meetings, including budget discussions, are open to the public and there will be public hearings before the budget is adopted, he added.

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