FY 2025 Approved Tax Rate and Budget
2025 Tax RateSources Summary – Attachment AUses Summary – Attachment B
Tax rate impact to average homestead values (tax rate 6.5% above NNR)
Average Homestead |
FY24 Approved |
FY25 Approved |
|---|---|---|
Average Taxable Homestead Value |
$475,286 |
$504,003 |
Tax Rate |
10.0692 |
10.7969 |
Tax Bill |
$478.57 |
$544.17 |
Homestead Exemption |
65 & Older |
Disability |
20% (maximum allowable by state law) |
$154,000 |
$154,000 |
Tax rate impact to average homestead is anticipated to increase by $66.
FY 2025 Approved Budget Sources and Uses Summary – Attachment A
DESCRIPTION |
FY 2024 APPROVED BUDGET Final |
FY 2025 APPROVED BUDGET Final |
|---|---|---|
TAX RATE |
.100692 |
.107969 |
FTEs |
530.5 |
916.4 |
Beginning Balance (Contingency Reserve) |
407,730,068 |
494,040,391 |
UNRESTRICTED REVENUE |
||
Property Taxes |
312,456,814 |
346,638,452 |
Lease Revenue |
12,022,497 |
9,361,825 |
Tobacco Litigation Settlement |
4,500,000 |
5,000,000 |
Patient Revenue |
– |
300,000 |
Other |
7,500,000 |
28,741,200 |
TOTAL UNRESTRICTED REVENUE |
336,479,311 |
390,041,477 |
RESTRICTED REVENUE |
||
Opioid Litigation Settlement(1) |
4,664,833 |
|
ALL REVENUE TOTAL |
336,479,311 |
394,706,310 |
Available Budgeted Resources |
744,209,379 |
888,746,701 |
EXPENSES |
||
Healthcare Delivery |
295,246,806 |
353,461,994 |
Administration |
28,647,030 |
38,505,949 |
UT Affiliation Agreement |
35,000,000 |
35,000,000 |
Other Financing Uses |
8,019,240 |
61,381,015 |
Opioid Abatement Expenses (1) |
– |
4,664,833 |
Contingency Reserves |
377,296,303 |
395,732,910 |
Total Expenses |
744,209,379 |
888,746,701 |
Increase/Decrease in Fund Balance |
||
Ending Contingency Reserve Balance |
– |
– |
RESERVES |
||
Emergency Reserves |
46,739,076 |
58,120,090 |
1) In accordance with the settlement agreement and Senate Bill 1827, 87h Texas Legislature, uses are restricted to projects to remediate the opioid crisis.
FY 2025 Approved Budget and Uses Summary Attachment B
DESCRIPTION |
FY 2024 APPROVED BUDGET FINAL |
FY 2025 APPROVED BUDGET FINAL |
|---|---|---|
HEALTHCARE DELIVERY |
||
Purchased Healthcare Services |
||
Primary Care: Medical, Dental, & Behavioral Health |
71,782,200 |
73,957,000 |
Specialty Care: including Specialty Dental |
30,188,000 |
31,153,000 |
Specialty Care: Behavioral Health |
20,675,000 |
25,750,000 |
Post Acute Care |
7,250,000 |
8,100,000 |
Pharmacy |
18,000,000 |
19,000,000 |
Community Health Care Initiatives Fund |
875,000 |
1,000,000 |
Purchased Healthcare Services |
150,770,200 |
158,960,000 |
Direct Healthcare Services |
||
Therapy and Counseling |
– |
1,227,110 |
Psychiatry |
– |
1,674,311 |
Cardiology |
2,079,895 |
2,437,279 |
Endocrinology |
– |
762,556 |
Gastroenterology |
2,039,621 |
2,953,976 |
Nephrology |
1,129,700 |
1,859,200 |
Neurology |
1,264,294 |
2,019,556 |
Podiatry |
1,877,022 |
2,192,929 |
Pulmonology |
1,370,648 |
1,497,711 |
Rheumatology |
– |
656,943 |
Palliative Care |
– |
958,984 |
Pharmacy |
– |
1,849,580 |
Transitions of Care |
4,074,868 |
10,388,044 |
Medical Respite |
906,886 |
5,239,210 |
Diagnostics and Other services |
3,511,294 |
4,395,034 |
Patient Navigation |
– |
6,105,265 |
Clinical Support |
11,022,146 |
13,826,160 |
Direct Healthcare Services Total |
29,276,374 |
60,043,848 |
Map Eligibility – Increase in eligibility period |
– |
– |
Total Healthcare Services |
181,046,574 |
219,003,848 |
HEALTHCARE DELIVERY |
||
Healthcare Operations & Support |
||
Salary and Benefits |
33,878,558 |
46,232,033 |
ACA Healthcare Premium Assistance Programs |
18,587,363 |
19,300,000 |
Real Estate and Facilities |
7,619,360 |
19,958,801 |
UT land lease for teaching hospital |
1,037,550 |
1,165,441 |
Legal |
766,000 |
58,000 |
Consulting |
2,315,000 |
2,120,000 |
Other professional goods & services |
10,922,140 |
4,721,700 |
Outreach and Education |
1,927,211 |
3,190,250 |
Insurance and Risk Management |
400,000 |
100,000 |
Information Technology |
13,855,455 |
13,752,800 |
Travel, training, and professional development |
1,186,250 |
1,188,100 |
Other operating expenses |
738,883 |
211,600 |
Debt service – principal retirement |
7,440,000 |
8,035,000 |
Debt service – interest |
7,026,462 |
6,424,421 |
Transfer to Sendero Risk-Based Capital |
6,000,000 |
8,000,000 |
Total Healthcare Operations & Support |
114,200,232 |
134,458,146 |
Total Healthcare Delivery |
295,246,806 |
353,461,994 |
ADMINISTRATION |
||
Salary and Benefits |
15,308,898 |
23,354,186 |
Legal |
2,745,136 |
2,775,000 |
Consulting |
2,419,750 |
2,593,623 |
Investment and Financial Services |
126,000 |
200,000 |
Other professional goods & services |
2,093,775 |
1,758,613 |
Marketing and Communications |
249,061 |
779,080 |
Leases, Utilities, Security, and Maintenance |
1,253,250 |
1,491,500 |
Insurance and Risk Management |
412,500 |
500,000 |
Phones, Computer Equipment and supplies |
1,149,186 |
1,643,359 |
Travel, training and professional development |
386,695 |
979,567 |
Other operating expenses |
205,365 |
38,950 |
Appraisal District Svcs |
1,213,118 |
1,249,512 |
Tax Collection Expense |
1,084,297 |
1,142,559 |
Total Administration |
28,647,030 |
38,505,949 |
UT Affiliation Agreement |
35,000,000 |
35,000,000 |
OTHER FINANCING USES |
||
Transfer to capital projects |
– |
50,000,000 |
Transfer to emergency reserve |
8,019,240 |
11,381,015 |
RESTRICTED USES |
||
Opioid Abatement Expenses (1) |
– |
4,664,833 |
RESERVES |
||
Contingency Reserves |
377,296,303 |
395,732,910 |
TOTAL EXPENSES |
744,209,379 |
888,746,701 |
1) In accordance with the settlement agreement and Senate Bill 1827, 87h Texas Legislature, uses are restricted to projects to remediate the opioid crisis.