CITY SERVICES SUPPORTED BY THE PROPERTY TAX DOLLAR
FY18 SUMMARY OF ALL FUNDS (IN THOUSANDS)
63%
$84,917 $47,962 $43,935 $42,620 $17,073 $12,427 $9,724 $8,937 $8,249 $6,305 $4,131 $1,367 $287,647
29.5% 16.7% 15.3% 14.8% 5.9% 4.3% 3.4% 3.1% 2.9% 2.2% 1.4% 0.5% 100%
Capital Construction
Debt Service
Public Works Operations
Public Safety
Transfers to Other Funds
General Government
Other 1
20%
Insurance Coverage
Economic Development Corporation
6%
6%
Parks & Recreation Community Services
3%
2%
Utility Billing
Debt Services/ Capital Projects Funding
Public Safety
Public Works
General Government
Parks and Recreation
Community Services
Total Expenditures
1 - Other includes Special Revenue Funds
PROPERTY TAX RATE 6-YEAR COMPARISON SALES TAX REVENUE IN MILLIONS
component of the FY 2018 tax rate to reduce further; by $0.0100 below the FY 2017 debt component. The operating component has increased $0.013859 over FY 2017 to account for the operations and maintenance of the services and capital assets brought online via the Capital Improvement Program. The City’s portion is about 25% of the total property tax rate, depending on the location of the property.
Pearland’s property tax rate for Fiscal Year 2018 is $0.685059. Over the past years, the debt component has increased due to an aggressive Capital Improvement Plan, while the operating component of the tax rate has remained relatively stable due to other revenue sources. In Fiscal Year 2017, a decrease in the debt component of the tax rate of $0.0428 and an increase in the operating component of $0.0187 was recognized. Refinancing debt at lower interest rates has allowed the debt service
Sales Tax, primarily composed of a one cent local sales tax collection (from the City’s General Fund), is estimated to increase from $20.3 million in Fiscal Year 2017 to $21.1 million in Fiscal Year 2018. 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.
21.1
20.3
18.8
19.7
17.1
15.7
FISCAL YEAR 2013 2014 2015 2016 2017 2018 Debt Service Fund 0.4900 0.4900 0.4900 0.4828 0.4400 0.430000 General Fund (Operating) 0.2151 0.2151 0.2221 0.2225 0.2412 0.255059 Total 0.7051 0.7051 0.7121 0.7053 0.6812 0.685059
2016 ACTUAL
2017 YEAR-END AMENDED BUDGET
2013 ACTUAL
2014 ACTUAL
2015 ACTUAL
2018 ADOPTED BUDGET
PEARLAND 2018 Calendar and Annual Report
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