City Lights Sept.

DeSoto City Lights September, 2017 A Publication of the City of DeSoto Community Relations Department The Proposed FY2018 City of DeSoto Municipal Budget Calls for a Decrease in the Property Tax Rate “Since my appointment to the posiƟon of City Manager in 2011, my AdministraƟon has been working Ɵrelessly and with due diligence to improve the monetary situaƟon of our community,” said Tarron Richardson, PhD. “I am pleased to propose a tax rate reducƟon for FY2018 to .7399 per $100 of valuaƟon.” For the last six (6) years, City AdministraƟon has meƟculously toiled to reduce property tax rates for both residents and business owners. AŌer four (4) years of maintaining a stabilized property tax rate of .7574, the City was able to reduce it by .0075 in FY2016 and again by .0050 in FY2017. The proposed FY2018 budget will conƟnue in this direcƟon by reducing the property tax rate for a third year in a row. In FY2018, the proposed property tax rate will be reduced by .0050 and set at .7399.

The municipal property tax rate of .7399 will provide funding for debt service, personnel, benefits, public services, supplies, equipment and capital projects. These previously

menƟoned line items were either drasƟcally reduced or completely removed from budgets prior to FY2012. In FY2012, the City’s ExecuƟve Leadership Team began working in collaboraƟon with each other to annually increase funding for these defined essenƟals and collecƟvely agreed that it would take a few fiscal years to accomplish. On April 6, 2017, the DeSoto City Council and AdministraƟon began preparing a preliminary budget plan that included the following defined goals and objecƟves for FY2018:  Salary increases in the amount of 2%  Same public service levels as FY2017 with a 1% esƟmated growth factor  Funding for DomesƟc Violence Advisory CommiƩee  Funding for TEX‐21  CiƟzens Emergency Response Team (CERT) Grant “As we move forward into FY2018 and beyond, the City of DeSoto will conƟnue to implement a wealth of innovaƟve pracƟces in public finance to beƩer manage its human and monetary resources” said Dr. Richardson. “The success achieved over the years is aƩributed to our conservaƟve approach toward budgeƟng and management of all public affairs.” Public hearings on the proposed FY2018 Budget and Tax Year 2017 rate will be held during the regular DeSoto City Council MeeƟngs on August 15, 2017 and September 5, 2017 and the budget and tax rate are slated for adopƟon at the September 19, 2017 City Council MeeƟng. Copies of the full budget document are available for review on the City’s website at , at the AcƟon Center in Jim Baugh Government Center, at the DeSoto Public Library and the DeSoto Senior AcƟvity Center.

Made with FlippingBook - Online catalogs