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The Finance Department is excited to announce that the FY 2021-22 budgeting process has officially started. Over the next several weeks departments will begin presenting their preliminary budgets to the Public Utilities Board (PUB) and City Council. Each of these presentations will set the framework for the City Manager’s proposed budget that will be presented to Council on August 2nd during a budget workshop. During this workshop, staff will present a detailed presentation of the proposed FY 2021-22 operating and capital budget. Staff encourages residents to participate and provide feedback to the City during this process. Residents can participate by utilizing the feedback portal at the bottom of this page or by attending the public hearing on the City’s budget or tax rate.
 
 

Balancing Act: Build A City Budget

This budget year, the City of Denton Finance Department is launching a new pilot program for the 2021-2022 Fiscal Year Budget called Balancing Act. This online, interactive tool will allow you to see how our budget balances out and put together a budget of your own, which can be sent to City staff.
 
The City’s budget is made of many funds. Balancing Act will focus only on the City’s General Fund, which is the City’s principal operating fund with the fewest restrictions on how the funds can be spent. The General Fund does not include federal funds, grants, or other funding that makes up the City’s entire budget—see how the General Fund fits within the City’s overall budget in the pie chart below. Some parts of the General Fund are already allocated and accounted for, which can be seen in the Balancing Act tool. This includes regular annual allocations for departmental budgets. However, there are supplemental projects that can be funded out of the General Fund. This is where YOU can have your say.
 

 
In Balancing Act, you can review extra services, staff positions, and projects that are under consideration for the FY 21-22 Budget. Using the money not already allocated in the General Fund, you can choose what supplemental items you think should be funded for this upcoming budget year. Once you’ve made your ideal budget, you can submit it to our Finance department. To learn more about Balancing Act, read our blog about this exciting new pilot program here
 
To test out Balancing Act, click here.


 

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 2021 tax rate and FY 2021-22 operating and capital budget.

 

Tax Informaton

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 20-21 $1,345,821,414
FY 21-22 $1,442,590,596
Dollar Change $96,769,182
% Change 7.19%

The amount of property tax revenue budgeted for maintenance & operation:
FY 19-20 $47,996,976
FY 20-21 $47,701,547
FY 21-22 $52,178,854

The amount of property tax revenue budgeted for debt service:
FY 19-20 $25,543,391
FY 20-21 $27,153,185
FY 21-22 $30,218,767

The tax rate for maintenance and operations adopted by the taxing unit for the preceding two years:
FY 19-20 $0.385364
FY 20-21 $0.380364

The tax rate for debt service adopted by the taxing unit for the preceding two years:
FY 19-20 $0.205090
FY 20-21 $0.210090

The tax rate for maintenance and operations proposed by the taxing unit for the current year:
FY 21-22 $0.390075

The tax rate for debt service proposed by the taxing unit for the current year:
FY 21-22 $0.215379

MOST RECENT FINANCIAL AUDIT OF THE TAXING UNIT

THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR'S BUDGET BY $5,671,490, OR 8%, AND OF THAT AMOUNT $3,398,518 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 expected to expend for fiscal year 2021 and has budgeted for fiscal year 2022 the following amounts:
  • Notices required by law to be published in a newspaper (i.e. public hearing expense) $127,079 and $113,429, respectively.
  • Legislative cost $188,100 and $175,000, respectively.