General Budget & Tax Rate Information
The fiscal year 2024 budget and tax rate were adopted by City Council on August 17, 2023. For questions related to the annual budget and tax rate, the Finance office can be reached at
City of Temple
2 North Main Street, Suite 302
Temple, TX 76502
254-298-5631
financeweb@templetx.gov
Or contact your City Council representative.
The City of Temple resides in Bell County. Bell County must maintain a database of property tax-related information. Contact Bell County Appraisal District.
Fiscal Year 2024 Budget Data Compared to Fiscal Year 2023 Budget Data
The table below summarizes the City’s adopted budget by fund for the preceding two years (FY 2022 and FY 2023), the current fiscal year (FY 2024), as well as showing the calculated change in the City’s current budget (FY 2024) compared to previous fiscal year (FY 2023).
Fund Type | Adopted Budget FY 2022 |
Adopted Budget FY 2023 |
Adopted Budget FY 2024 |
$ Change FY 24 vs FY 23 |
% Change FY 24 vs FY 23 |
General Fund | $ 93,108,445 | $ 107,621,647 | $ 122,755,878 | $ 15,134,231 | 14.06% |
Water & Wastewater Fund | 46,667,145 | 54,205,238 | 58,785,144 | 4,579,906 | 8.45% |
Reinvestment Zone No. 1 Fund | 48,222,109 | 61,733,490 | 42,009,939 | (19,723,551) | -31.95% |
Debt Service Fund | 21,972,789 | 25,228,239 | 30,570,880 | 5,342,641 | 21.18% |
Hotel/Motel Tax Fund | 2,182,460 | 2,978,155 | 3,407,090 | 428,935 | 14.40% |
Drainage Fund | 2,974,750 | 3,137,433 | 3,186,945 | 49,512 | 1.58% |
Federal/State Grant Fund | 659,412 | 682,794 | 778,505 | 95,711 | 14.02% |
Temple Revitalization Corporation | - | 35,000 | 343,800 | 308,800 | 882.29% |
Total Budget | $ 215,787,110 | $ 255,621,996 |
$ 261,838,181 |
$ 6,216,185 |
2.43% |
The City's most recent annual Budget (PDF) and the City's most recent Annual Comprehensive Financial Report (PDF).
Fiscal Year 2024 Tax Rate Compared to Fiscal Year 2023 Tax Rate
Fiscal year 2024 Budget is based on tax year 2023 expected revenue. For fiscal year 2024, the following rates were calculated and used by the City of Temple to produce it’s adopted budget:
Adopted Budget FY 2022 |
Adopted Budget FY 2023 |
Adopted Budget FY 2024 |
$ Change FY 24 vs FY 23 |
% Change FY 24 vs FY 23 |
|
Adopted Operating Rate (M&O) | $ 0.303000 | $ 0.286300 | $ 0.267000 | $ (0.019300) | -6.74% |
Adopted Debt Rate (I&S) | 0.337000 | 0.326700 | 0.346000 | 0.019300 | 5.91% |
Total Adopted Rate | 0.640000 | 0.613000 | 0.613000 | - | 0.00% |
No-New Revenue Tax Rate | 0.609000 | 0.522700 | 0.545600 | 0.022900 | 4.38% |
No-New Revenue Operating Rate (M&O) | 0.283800 | 0.259700 | 0.258200 | (0.001500) | -0.58% |
Voter-Approval Operating Rate (M&O) | 0.474800 | 0.442200 | 0.438100 | (0.004100) | -0.93% |
Voter-Approval Tax Rate | 0.660600 | 0.628700 | 0.627200 | (0.001500) | -0.24% |
For a complete explanation of how the FY 2024 tax rates were calculated, please click here.
The table below summarizes the City’s budget property tax revenue for maintenance and operations (M&O) and debt service (I&S) for the preceding two years (FY 2022 and FY 2023), current fiscal year (FY 2024), as well as showing the calculated change in the City’s current fiscal year (FY 2024) compared to previous fiscal year (FY 2023).
Property Tax Revenue Budget: |
Adopted Budget FY 2022 |
Adopted Budget FY 2023 |
Adopted Budget FY 2024 |
$ Change FY 24 vs FY 23 |
% Change FY 24 vs FY 23 |
for Maintenance & Operations | $ 19,621,292 | $ 22,433,136 | $ 24,744,902 | $ 2,311,766 | 10.31% |
for Debt Service | 18,134,309 | 21,499,959 | 26,193,616 | 4,693,657 | 21.83% |
Total Budget | $ 37,755,601 |
$ 43,933,095 |
$ 50,938,518 |
$ 7,005,423 |
15.95% |
The budgeted collection rate for property taxes in fiscal year 2024 is as following:
- Maintenance & Operations – 98.00% current and 1.00% delinquent
- Debt Service – 99.00% current and 1.00% delinquent