Finance

Fiscal Year 2025-2026 Budget Notification

This budget will raise more revenue from property taxes than last year's budget by an amount of $531,733, which is a 4.60 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $228,658.
TAX AND BUDGET INFORMATION

2025 Tax Rate Notification

CITY OF WHITE SETTLEMENT ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 4.79 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $37.66.

TOTAL ADOPTED 2025 PROPERTY TAX RATE PER $100 VALUATION: $0.714778
              OPERATING & MAITENANCE RATE PER $100 VALUATION: $0.589586
              INTEREST & SINKING RATE PER $100 VALUATION: $0.125192

Functions & Responsibilities

Functions that fall under the Finance Department include:

• Accounts Payable/Accounts Receivable
• Audit
• Budgeting
• Investments
• Payroll
• Utility Billing
• Purchasing

Financial Record Keeper for the City

The Finance Department is the central financial record keeper for the City. It prepares:

• All city departments and the City’s annual audit
• Crime Control and Prevention District 
• Furnishes data and financial information for the Economic Development Corporation
• Handles accounts payable and receivables
• Monitors cash flows and approved investments
• Monthly financial statements
• Reconciles bank statements