Fiscal Year 2022 to 2023 Proposed Budget

The City’s Fiscal Year 2022-23 proposed budget and tax rate were presented to the Denton City Council on August 6, 2022.

The FY 22-23 proposed budget includes a tax rate of $0.575682 per $100 of valuation, which is one cent above the City’s current tax rate. This tax rate funds expenditures that were requested via supplemental requests by City departments. Additionally, the proposed budget includes no rate increase to Water, Wastewater, Solid Waste, or Electric customers.  

In June 2022, the Denton City Council established six Key Focus Areas to guide the development of the FY 22-23 proposed budget. A link to the Key Focus Areas is provided in the Quick Links section of this page.

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 2023 tax rate and the FY 2022-2023 operating and capital budget.

September 20, 2022

  • Public Hearing for Tax Rate and FY 22-23 Budget

September 27, 2022

  • Tax Rate and FY 22-23 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 21-22

$1,455,356,698 

FY 22-23

$1,863,676,053 

Dollar Change

$408,319,355 

% Change

28.06%

 

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

FY 20-21

$47,701,547 

FY 21-22

$49,083,288 

FY 22-23

$56,435,389 

 

The amount of property tax revenue budgeted for debt service:

FY 20-21

$27,153,185 

FY 21-22

$30,218,767 

FY 22-23

$33,175,436 

 

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

FY 20-21

$0.380364 

FY 21-22

$0.350303 

 

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

FY 20-21

$0.210090 

FY 21-22

$0.215379 

 

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

FY 22-23

$0.371432

 

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

FY 22-23

$0.204250 

 

Most Recent Financial Audit of the Taxing Unit

THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR’S BUDGET BY $7,853,242 OR 10.28% AND OF THAT AMOUNT $3,239,066 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR

In accordance with Section 140.0045 of the Local Government Code, which requires the itemization of certain expenditures by a political subdivision, the City of Denton is itemization of certain expenditures by a political subdivision, the City of Denton is expected to expend for fiscal year 2022 and has budgeted for fiscal year 2023 the following amounts:

  • Notices required by law to be published in a newspaper (i.e. public hearing expense) $161,038 each fiscal year.
  • Legislative cost $147,000 each fiscal year.