The City of Alamo’s FY 2023‑2024 adopted budget outlines the city’s projected revenues and expenditures for the year October 1 2023 through September 30 2024. It shows a total General Fund budget of $14,418,798, an $8.5 million unreserved fund balance, and a property‑tax increase of $482,190 (11.65 %). The property‑tax rate was lowered to $0.5801 per $100 of assessed value, with $377,957 coming from new property added to the roll. The budget also lists a $1,077,465,269 total assessed taxable value, a 17 % rise over the prior year, and several grant awards and program funding.
| General Fund total budget (revenues and expenditures) | $14,418,798 |
| Unreserved fund balance (as of Sep 30 2022) | $8,535,154 |
| Increase in property‑tax revenue | $482,190 (11.65 %) |
| Revenue from new property added to tax roll | $377,957 |
| Adopted property‑tax rate for FY 2023‑2024 | $0.5801 per $100 assessed value |
| Assessed taxable value | $1,077,465,269 |
| Police department grant awards | $150,000 (Stonegarden) + $40,000 (Borderstar) = $190,000 |
| Funding for city streets improvements | $50,000 |