City Lights Sept. 2018.pub

DeSoto City Lights September, 2018 www.desototexas.gov A Publication of the City of DeSoto Community Relations Department The Proposed FY2019 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 DeSoto City Manager Tarron Richardson, Ph.D. “I am pleased to propose a tax rate reducƟon for FY2019 to .721394 per $100 of valuaƟon.” For the last seven (7) 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 has been able to reduce its tax rate each year for the past (3) three years. The proposed FY2019 budget will conƟnue in this direcƟon by reducing the property tax rate to .721394. Overall, this reflects a reducƟon of just over 2.75% in annual property taxes over the last (4) four years.

The municipal property tax rate of .721394 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 this monumental goal. As a result of this pracƟce over the years, the City Council and AdministraƟon were able to prepare a preliminary balanced budget for FY2019 with the following list of defined goals and strategic iniƟaƟves:   Salary increases in the amount of 2%

 Same public service levels as FY2018 with a 1% esƟmated growth factor  Funding for electronic equipment and the Vision 2020 Plan SoŌware  Funding for the Dr. Emmit J. Conrad Leadership/Summe r Internship Program  Funding for fire staƟon improvements  Transfer of $250,000 to the StabilizaƟon Fund

“As we move forward into FY2019 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 FY2019 Budget and Tax Year 2018 rate will be held during the regular DeSoto City Council MeeƟngs on August 21, 2018 and September 4, 2018. The budget and tax rate are slated for adopƟon at the September 18, 2018 City Council MeeƟng. Copies of the full budget document are available for review on the City’s website at www.desototexas.gov, at the AcƟon Center in Jim Baugh Government Center located at 211 E. Pleasant Run Road, at the DeSoto Public Library and the DeSoto Senior AcƟvity Center located at 204 Lion Street, DeSoto Texas.

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