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The Denton City Council adopted the City’s Fiscal Year 2020-21 budget and tax rate on Sept. 22, 2020.
After months of deliberation and public input through online and over-the-phone comments from residents, the Denton City Council adopted a budget for the 2020-21 fiscal year on Sept. 22 2020. The FY20-21 adopted budget includes no rate increase from the current tax rate of $0.5905 per $100 of valuation, which still allows the City to maintain a tax rate lower than the no-new-revenue tax rate, which is the tax rate that results in the same amount of revenue from existing properties as the prior year. The budget also includes rate decreases for Water and Solid Waste & Recycling services and continues the trend of no increases to utility rates over the past four years. There are no rate changes for Wastewater and Electric services.
The adopted budget prioritizes fiscal responsibility in light of the evolving economic conditions brought on by the COVID-19 pandemic while also enhancing core service areas for the citizens of Denton. Key service enhancements include a new 311 system for efficient response to citizen requests, six new sworn police officer positions, three new firefighter positions, and bond fund issuance for both major street improvement funds and public safety facilities.