Fiscal Year 2023 to 2024 Proposed Budget

The City’s Fiscal Year 2023-24 proposed budget and take rate were presented to the Denton City Council on August 5, 2023.

The FY 23-24 proposed budget includes a tax rate of $0.560682 per $100 of valuation, representing no change from the current tax rate. This tax rate funds expenditures that were requested by City departments to meet the demands of a growing city including staffing increases in the Library, Police Department, Parks and Recreation, Animal Services, and Technology Services as well as service enhancements including firefighters needed to staff an additional ladder truck, a new code enforcement inspector, and software for the Police Department to enhance the use of data. The Balancing Act is a tool that residents can utilize to provide their input on new funding requests (supplementals) in the upcoming budget. The Balancing Act can be accessed via this link: The Balancing Act.

Budget Meetings

Below is a schedule of upcoming budget meetings with the City Council. Citizens are encouraged to watch and participate in these meetings as we work to adopt the 2024 tax rate and the FY 2023-2024 operating and capital budget.

September 19, 2023

  • Public Hearing for Tax Rate and FY 23-24 Budget

September 26, 2023

  • Tax Rate and FY 23-24 Budget Adoption

Tax Information

Taxing Unit’s Budget for the Preceding 2 years

The change in the amount of the taxing unit’s budget from the preceding year to the current year:

FY 22-23

$1,866,323,186 

FY 23-24

$1,950,649,878 

Dollar Change

$84,326,692 

% Change

4.51%

 

The amount of property tax revenue budgeted for maintenance & operation:

FY 21-22

$49,083,288

FY 22-23

$57,104,662

FY 23-24

$63,461,245

 

The amount of property tax revenue budgeted for debt service:

FY 21-22

$30,218,767 

FY 22-23

$32,605,476

FY 23-24

$39,047,851

 

The tax rate for maintenance and operations adopted by the taxing unit for the preceding two years:

FY 21-22

$0.350440 

FY 22-23

$0.356432

 

The tax rate for debt service adopted by the taxing unit for the preceding two years:

FY 21-22

$0.215370

FY 22-23

$0.204250

 

The tax rate for maintenance and operations proposed by the taxing unit for the current year:

FY 23-24

$0.359780

 

The tax rate for debt service proposed by the taxing unit for the current year:

FY 23-24

$0.205902

 

Most Recent Financial Audit of the Taxing Unit

THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR’S BUDGET BY $11,411,410 OR 12% AND OF THAT AMOUNT $5,790,516 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR.