City of Irving FY 2019-20 Budget Overview

Page 1

IRVING

CITY

A N O F F I C I A L P U B L I C AT I O N O F T H E C I T Y O F I R V I N G

Dear Irving Residents:

Where Does the Money Come From? FY2019-20 Total General Fund Revenue $234,017,969

It is our privilege to let you know that the FY 2019-20 budget has been approved. It is the product of many hours of detailed review by staff using three main priorities provided by City Council and identified by Irving residents.

Other Revenues 4% Transfers from Other Funds 4%

1. Enhance public safety services; 2. Strategically invest in infrastructure improvement; and 3. Maintain current service levels for all other city services.

Zoning and Development 2%

Property Tax 47%

Fines 2% Fees and Permits 2%

During the 86th Texas legislative session, the Legislature passed several bills that negatively impact cities. Some of these bills affected the FY 2019-20 budget, including reductions in telecommunications franchise fees and the elimination of red light camera revenues, totaling a $2.7 million reduction in revenue. The impact of other bills will be felt in future years, including a 3.5 percent cap on the growth of the city’s property tax revenue collected from existing properties that will go into effect in FY 2020-21. These bills will hinder the city’s ability to raise revenues to fund basic city services.

Franchise Fees 8%

Sales Tax 31%

With that said, we were able to approve the FY 2019-20 budget maintaining the current tax rate of $0.5941 per $100 of valuation. Adoption of the current tax rate maintains current service levels and includes funding for additional public safety personnel. It also allows the city to maintain a competitive compensation plan for its employees, along with health insurance benefits and market-based salary increases. Solid Waste Services rates did not increase and current service levels will be maintained. The monthly energy surcharge of $0.98 per account will be eliminated with the new budget. The Municipal Drainage Utility rate did increase by $2 per month per municipal services bill effective January 2020. This increase is part of a five-year plan, Drainage Solutions for a Better Tomorrow, allowing the city to issue $100 million in drainage bonds to address critical needs in storm drainage infrastructure systems. The Water and Sewer rates overall did increase by 2.6 percent due to a $3.4 million increase in sewer treatment pass-through costs from the Trinity River Authority. This increase was necessary to maintain financial stability. The average resident’s municipal services bill will increase by approximately $2.70 per month.

FY 2019-20 BUDGET SERVICE ENHANCEMENTS ●

The Capital Improvement Program will continue funding the city’s Road to the Future program to improve city streets; park and recreation improvement projects, including Heritage Park construction; additional improvements to Irving Boulevard associated with the turn-back project; design of improvements to Fire Station No. 1; and improvements to multiple city facilities.

ublic safety staffing, including 20 new Police P Officers, two new Sergeants, eight new Dispatchers, two new Animal Care Officers and one new Fire Prevention Specialist.

he city will invest more than $100 million in T storm drainage infrastructure systems over the next five years, addressing the most critical 0 0 40 needs through the Drainage Solutions for a 00 5 3 Better Tomorrow program.

Recently, we formed a new Irving Citizen’s Bond Task Force Committee to develop a proposed bond program for the next 10 to 15 years and plan to hold an election in May 2020 for you, as residents, to consider authorizing new general obligation bonds for capital projects.

0

A line item by line item review of the budget has resulted in another year with a balanced and responsible budget for the city. It is this type of approach, along with a dedicated staff and continued growth, that assists the city’s ability to add service enhancements that benefit you as a resident, visitor or business. Some of the service enhancements included in the FY 2019-20 budget are listed to the right.

00

he3 total proposed Capital Improvement T 00 Program 25 for FY 2019-20 is $88.4 million. ● This includes streets, parks and city facility 00 20 improvements, water and wastewater 0 50 projects.1 00

10

0

50

0

We feel that the city’s rich diversity exhibited in our population, as well as the makeup of the business community is because of everything Irving has to offer. We are thankful that Irving residents and the people who make up the more than 300,000 daytime population get to enjoy all the parks, aquatic facilities, trails, recreational opportunities, libraries, arts and culture, music, food and shopping.

General Fund Expenditures by Service Type 4

Municipal Court 1%

Planning and Inspections 2%

Information Technology 5%

Administration 7%

Economic Development 1%

School District Tax Rate Comparison Based on average value home $195,218 with 20% Homestead exemption.

Entity

Irving ISD

Coppell ISD

Carrollton-Farmers Branch ISD

City of Irving

$1,160

$1,160

$1,160

School District

$2,735

$2,851

$2,674

County-Wide Taxing Authorities

$1,262

$1,262

$1,262

Dallas County

$475

$475

$475

Dallas County Community College

$242

$242

$242

Parkland Hospital

$525

$525

$525

School Equalization

$20

$20

$20

$5,157

$5,273

$5,096

000

Library Services 3%

Sincerely, Mayor Rick Stopfer and City Council

Total

3

FY 2019-20 Budget $234,017,969

Public Works 10%

Nondepartmental 10% Parks and Recreation 8%

Public Safety 53%

Debt Structure

Benchmark Cost of City Services Annual Total Cost of City Services Proposed 2019-20 Includes taxes on an average homestead, water, sewer, sanitation, and drainage fees, and other monthly municipal service charges.

Only 36% or $251.2 million of the city’s $695.7 million in debt is paid by property taxes.

4000 3500 3000

$2,361

2500

$2,544 $2,649

$2,741 $2,770

$2,826 $3,064

$3,357 $3,112 $3,191

$3,480 $3,533 $3,534 $219.8M 32% $224.7M 32%

$2,085 2000

$251.2M 36%

1500 1000 500

 General y in cK M

ch

ar

ds

ne

on

co is Ri

Fr

s la al D

Ga

rl

an

d

n to en D

es M

W rt Fo

qu

or

i te

th

o an

ai

Gr

an

d

Pr

ol rr Ca

Pl

r ie

n l to

ng vi Ir

gt lin Ar

Le

w

is

vi

l le

on

0

 Water/Sewer

 Other*

*Includes Municipal Drainage Utility, Solid Waste Services, Convention Center, Public Improvement Districts, Hotel and Entertainment Venue. (Supported by dedicated revenues other than property tax rate.)

4000 3500 3000 2500

P. 8

2000 1500

“City Spectrum” is published by the City of Irving Communications Department to keep residents informed of city news, events and information. For additional information, visit CityofIrving.org. OCTOBER 2019

005

With a balanced budget; safety of residents, businesses and visitors; continued growth; and amenities galore, we are excited and look forward to what the future will bring.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.