The Tarrant Regional Water District (TRWD) Board of Directors approved operating budgets and a tax rate for the 2025 fiscal year at its September 17 board meeting.
The approved budgets – $186.6 million Revenue Fund, $29.1 million General Fund and $54.4 million Special Projects Fund – reflect TRWD’s efforts to spend its money wisely while still providing needed flood control and recreation services, as well as supply water for more than 70 wholesale customers in its 11-county service area in North Texas.
TRWD’s property tax rate will stay the same as the prior year at a rate of $0.0267 per $100 valuation, which remains one of the lowest in Tarrant County. The average taxpayers’ bill is estimated to increase by less than $4 annually.
The General Fund budget is supported by property tax dollars and pays for flood control and recreational facilities within the District’s boundaries.
The District’s Revenue Fund draws its income through raw water sales to the District’s wholesale customers and pays for water supply functions serving over 2.3 million people in 11 North Texas counties. The 2024-25 budget will help fund needed repairs of aging pipelines that bring raw water back to Tarrant County from East Texas, costs and manpower needed to operate and maintain the pipeline system, and a water supply plan that will help the District meet the needs of its growing population, which is expected to double in the next 50 years.
TRWD’s Special Project Fund is supported by revenues such as oil and gas leases, interest income, and other miscellaneous income. It supports flood control and recreational projects outside of tax revenues.
