Council Approves Fiscal Year 2021 Budget and Tax Rate
Following a second round of public hearings at its September 8 meeting, the City Council approved the Fiscal Year (FY) 2021 budget and adopted at tax rate of $0.608676 per $100 of assessed value, which does not exceed the no new revenue tax rate. The new budget takes effect on October 1 and includes the following significant items:
- Revenues for all funds total approximately $78.9 million, a reduction of $4.6M compared to FY 2020. Primary revenue sources are property tax ($28.8 million), sales tax ($12.3 million), hotel occupancy tax ($4.2 million) and utility service fees ($13.9 million).
- Staffing level of 299.8 Full-time Equivalent (FTE) positions including the in-sourcing of Addison Airport staff. This is an increase of 9.0 FTE’s over FY 2020. Employee compensation allocation of approximately $512 thousand in all funds. This provides a pool equivalent to a 2 percent merit increase.
- Significant decision packages include:
- Celestial Park Improvements ($103 thousand),
- Irrigation Management System Upgrade ($75 thousand),
- Risk and Resilience Assessment and Emergency Response Plan ($100 thousand),
- Facilities Maintenance Funds ($180 thousand),
- Public Safety Facility Maintenance Funds ($85 thousand),
- Water Quality Supervisor ($85 thousand),
- Design and Construction Details Standards Upgrade ($200 thousand),
- Addison Circle Transit Oriented Development Funds ($318 thousand),
- Special Area Study Funds ($140 thousand),
- Funds for Enhanced Street Maintenance ($292 thousand).
- The FY 2021 proposed Capital Improvements budget totals $37.2 million and includes the following significant projects:
- Midway Road Reconstruction ($10.4 million),
- Vitruvian Development Next Phase ($3.9 million),
- HVAC Replacements ($1.1 million),
- Roof Replacements ($2.9 million),
- Keller Springs Reconstruction ($4.0 million),
- License Plate Recognition System Expansion ($1.4 million),
- Completion of Airport Customs Facility Construction ($2.6 million),
- Celestial Ground Storage Tank Rehabilitation ($1.7 million),
- Chlorine Booster Station ($1.0 million),
- Water System Improvements ($1.4 million),
- Stormwater Assessment Basin Improvements ($2.8 million).
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