Trustees pass $1.74 million budget for 2024-25 with no tax increase

The Stillwater Board of Trustees has approved a $1.74 million village budget for the 2024-25 fiscal year, which carries no property tax increase from the current year.

The village property tax rate will remain at $4.10 per $1,000 of assessed value in 2024-25. The new budget will go into effect on June 1, 2024 and runs through May 31, 2025.

The newly approved budget for 2024-25 totals $1,748,378 and breaks down as follows:

  • General Fund: $980,278
  • Water Fund: $390,100
  • Sewer Fund: $378,000
  • Total 2024-25 Budget: $1,748,378 – up $55,501 from 2023-24