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