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
Made with FlippingBook - professional solution for displaying marketing and sales documents online