2020 Calendar and Annual Report

CITY OF PEARLAND FISCAL YEAR 2020 BUDGET

pearlandtx.gov/departments/finance/budget

FY20 EXPENDITURE SUMMARY OF ALL FUNDS (IN THOUSANDS)

PROPERTY TAX RATE 6-YEAR TREND

CITY SERVICES SUPPORTED BY THE PROPERTY TAX DOLLAR The City of Pearland is between 20 - 30% of the total property tax bill.

Pearland’s property tax rate for Fiscal Year 2020 is $0.741212. The City’s tax rate is established annually through the budget process, which begins in February of each year and runs through September. City Council and community stakeholders participate in a process facilitated by City Staff to determine how to best invest in the City’s six Strategic Priorities, which lay the groundwork for sustainable growth and value across our community. The result is a budget recommendation, that is paired with home values provided by the Counties, which determines the appropriate tax rate. Once adopted, funds from property taxes go directly to services residents see every day, like Police, Fire, infrastructure, parks and so much more.

59% 23%

Capital Project Financing

Capital Construction

$348,554

Debt Service

$59,531

Public Works Operations

$48,576

Public Safety

Public Safety

$47,140

7% 6% 3% 2%

Transfers to Other Funds

$21,781

Public Works

Economic Development Corporation

$19,789

FISCAL YEAR

2015

2016

2017

2018

2019

2020

General Government

$14,199

General Government

Capital Project Financing

0.4121

0.4062 0.3555

0.3422

0.3452

0.3675

Insurance Coverage

$10,058

Reimbursements to In-City MUDDistricts

0.0779 0.0766 0.0845

0.0878

0.084

0.0670

Parks & Recreation

$7,284

Parks and Recreation

Community Services

$5,108

General Fund (Operating)

0.2221

0.2225 0.2412 0.255059 0.279958 0.306712

Utility Billing

$2,011

Community Services

TOTAL EXPENDITURES

$584,031

TOTAL

0.7121

0.7053 0.6812 0.685059 0.709158 0.741212

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 $22.4 million in Fiscal Year 2019 to $22.6 million in Fiscal Year 2020. The sales tax revenue has increased as the local economy grows. The Pearland Economic Development Corporation also collects a half-cent local sales tax, which is not reflected in the numbers.

$18.8 2015-Actual

$19.7 2016-Actual

$20.5 2017-Actual

$22.6 2018-Actual

$22.4 2019-Actual

$22.6 2020-Actual

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