Council Discusses the Proposed Fiscal Year 2024 Budget
Published:
<< Back to NewsSun 8/13/23
City Manager David Gaines presented his budget for fiscal year 2024 to the City Council on July 31. The City Council heard from various department directors, the CFO, and the city manager during a budget retreat on August 3 and August 4 at the Addison Conference Centre and prior to the August 8 City Council meeting.
The proposed fiscal year 2024 budget has no increase to the Town’s tax rate of $0.609822. On an annual basis, the Dallas Central Appraisal District provides the Town with a certified tax roll of all properties inside Addison’s city limits. The certified taxable value for fiscal year 2024 is $6,160,034,059 equating to an increase of 9.4% from the previous year. Included in the certified taxable values are $114,459,940 in new properties added to the tax roll between January 1 and December 31, 2022. The average taxable value for a single-family home in Addison has increased 11.4% to $426,498.
There will be a public hearing on the budget and tax rate during a Special City Council Meeting on September 5 and another during the regularly scheduled meeting on September 12. Meeting agendas are posted on the Town's website three days prior to the meeting.
You can watch Council's budget discussions here:
