A Look Ahead

A Look Ahead

PROPERTY TAX RATE

For FY21, Irving City Council voted to keep the tax rate the same for the seventh consecutive year.

Irving Tax Rate is $0.5941/$100 Valuation.

PROPOSED BOND PROJECTS

Irving registered voters will head to the polls on May 1, 2021 for the city’s general municipal election for Districts 4, 6 and 8. The ballot also will include 12 propositions for the issuance of up to $563.4 million in bonds for capital improvement projects. The city does not currently anticipate an increase in the tax rate as a result of the bond election. Additional information is available at CityofIrving.org/Elections.

ROAD TO THE FUTURE

FY21 marks the FOURTH YEAR of the five-year program to invest over $100 million to road reconstruction and rehabilitation. The program has allocated $56.7 million to date and $22.1 million is budgeted for FY21. For more information on Road to the Future, including a full list of street projects, visit CityofIrving.org/Road-to-the-Future.

ECONOMIC DEVELOPMENT

FY 21 to date, the city approved several agreements to retain and attract corporate headquarters operations in Irving. These agreements will help create approximately 375 new jobs, retain 1400 jobs and contribute more than $200 million in new investments in Irving.

WILLIAMS SQUARE PLAZA

On Feb. 25, 2021, the Irving City Council awarded a $7.8 million construction contract for renovation and updates to the Williams Square Plaza, located at 5217 N. O’Connor Blvd. Renovations include repairs to the iconic mustang statues, improved lighting features and fountain upgrades, tree and landscape improvements, movable tables and chairs and a multipurpose patio. The Mustangs of Las Colinas, a statue of nine mustangs galloping across a granite stream, will remain the focal point. Construction is slated for completion around the first quarter of 2022.