FY19 SUMMARY OF ALL FUNDS (IN THOUSANDS)
CITY SERVICES SUPPORTED BY THE PROPERTY TAX DOLLAR
Capital Construction
$136,706 37.3%
61% Debt Services/Capital Projects Funding 22% Public Safety 6% Public Works
6% General Government 3% Parks and Recreation 2% Community Services
Debt Service
$63,586 $48,565 $45,296 $19,115 $14,197 $12,243 $9,104 $7,258
17.3% 13.2% 12.3%
Public Works Operations
Public Safety
Other 1
5.2% 3.9% 3.3% 2.5% 2.0% 1.4% 1.1% 0.4%
Transfers to Other Funds General Government
Insurance Coverage Parks & Recreation
CITY OF PEARLAND 2019 BUDGET PEARLANDTX.GOV/DEPARTMENTS/FINANCE/BUDGET
Economic Development Corporation $5,007
Community Services
$4,214 $1,645
Utility Billing
Total Expenditures
$366,936 100.0%
1 Other includes Special Revenue Funds
PROPERTY TAX RATE 6-YEAR COMPARISON Pearland’s property tax rate for Fiscal Year 2019 is $0.709158. Over the past few years, the debt component has decreased due to refinancing of existing debt and growth in the prop- erty tax base, while the operating component of the tax rate has increased in response to the increasing needs of our growing community. Growth within in-City Municipal Utility Districts (MUDs) has led to an increase in the amount the City is required to reimburse the MUDs. In Fiscal Year 2019, there was an increase in the operating component of $0.024099 and a decrease of $0.038 in MUD Reimbursements while the debt service component remained flat.
SALES TAX REVENUE IN MILLIONS Sales Tax, primarily composed of a one cent local sales tax collection (from the City’s General Fund), is estimated to increase from $22.0 million in Fiscal Year 2018 to $22.8 million in Fiscal Year 2019. The sales tax revenue has increased as the local economy improves. The Pearland Economic Development Corporation also collects a half-cent local sales tax, which is not reflected in the numbers.
22.8
22.0
20.5
19.7
18.8
17.1
FISCAL YEAR
2014
2015
2016
2017
2018
2019
Debt Service Fund Reimbursements to In-City MUD Districts
0.4168 0.0732
0.4121 0.0779
0.4062 0.0766
0.3555 0.0845
0.3422 0.0878
0.3452
0.084
General Fund (Operating)
0.2124
0.2221
0.2225
0.2412 0.255059 0.279958
TOTAL
0.7024
0.7121
0.7053
0.6812 0.685059 0.709158
2014 ACTUAL
2015 ACTUAL
2016 ACTUAL
2017 ACTUAL
2018
2019
YEAR-END AMENDED
ADOPTED
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