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Amid slowing property value increases and declining revenues, Fort Worth is staying the course in its fiscal year 2025 budget.
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The regional transit agency’s board of directors on Sept. 15 unanimously approved a $163.7 million operating budget for the 2025 fiscal year, which starts Oct. 1. That amount is up about $15.8 million from the $147.9 million budget that the agency approved last September.
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The Tarrant Appraisal District’s annual budget for 2025 will take effect despite a series of protest votes by area school districts, the board of directors confirmed at a Sept. 9 meeting.
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A resident with an average Tarrant County home and a homestead exemption would see about a $60 increase in their tax bill from the city, according to staff estimates.
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While fee increases often draw criticism from both residents and council members, the stormwater management department says these increases are essential to maintaining or replacing thousands of feet of drainage pipes. Without this work, the risk of sinkholes, flooding, erosion and property damage rises.
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Federal funding timelines may yet be satisfied following Fort Worth’s decision to free up previously allocated American Rescue Plan Act dollars on May 21.
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Fort Worth is at an impasse: spend all federal COVID-19 relief funds by 2026 or risk sending the money back to Washington, D.C.
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Principal Katy Myers listened to the sounds of learning as she walked the hallways of Rufino Mendoza Elementary.
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The city of Fort Worth went against prevailing local political winds and voted to approve a tax rate that would bring in more revenue than last year.
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Tarrant County passed its 2024 budget and historically low tax rate Tuesday, to go into effect Oct. 1. Residents will likely see the impact of the pared back budget on their tax bill next year.
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Fort Worth’s property tax rate will go down, but residents will still see an increased bill.
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Like most employers, Tarrant County lost significant numbers of employees during the pandemic.