091719 Press Release - FY19-20 Budget Adoption 4`�„� FOR IMMEDIATE RELEASE
DENTON Ryan Adams • (940) 349-8565 • Ryan.Adams&cityofdenton.com
City of Denton Adopts FY19-20 Budget
Tax Rate per$100 of Valuation Reduced by 3 Cents to $0.590454
DENTON, TX, Sept. 17, 2019—The Denton City Council adopted the City's Fiscal Year 2019-
20 budget and tax rate on Sept. 17, 2019.
The FY19-20 adopted budget reduces the property tax rate just over 3 cents per$100 of
valuation. This brings the tax rate down from $0.620477 to $0.590454 per $100 of valuation and
maintains an effective tax rate, or the tax rate that results in the same amount of revenue from
existing properties as the prior year.
The adopted budget includes no rate increases for Water, Wastewater, Electric, and Solid Waste
& Recycling services. This not only continues a trend of no increases to utility rates over the past
three years, but also maintains rate reductions for Wastewater, Electric, and Solid Waste &
Recycling service from the FY18-19 budget. During FYI 8-19, Wastewater rates were lowered
by 5 percent and Electric rates by 3.5 percent. Additionally, during FYI 7-18, Solid Waste &
Recycling rates were reduced by 12.5 percent.
Staff began the development of the FYI 9-20 budget in the spring of 2019 and the proposed
budget was presented to the Denton City Council throughout June and July. The City hosted
three budget workshops and public hearings on the budget and tax rate throughout August and
into September. During this time, residents had the opportunity to provide feedback on the
budget and tax rate by attending a public meeting or by submitting their feedback through an
online portal.
The City of Denton has continually worked to become more efficient at delivering services and
managing costs. While the City is lowering the tax rate, the budget includes several notable
funding enhancements made possible through these cost saving efforts, including:
• Three (3) new Firefighter positions for Station No. 8 ($322,214)
• Four(4) new Sworn Police Officer positions ($494,789)
• Two (2) new Civilian Jailer positions ($146,445)
• Three (3)new Public Safety Officer positions ($244,457)
• Three (3) new Public Safety Dispatcher positions ($294,517)
• Two (2) new full-time and two (2)new part-time Animal Services positions ($227,740)
• Enhanced park maintenance ($508,105)
• Additional funding for homelessness initiatives ($684,600)
Additional budget information is available on the City of Denton website at
www.cityofdenton.com/bud,ize .
Contact: Ryan Adams, (940) 349-8565, Ryan.Adams(&citvofdenton.com
OUR CORE VALUES
Integrity• Fiscal Responsibility•Transparency• Outstanding Customer Service
ADA/EOE/ADEA www.cityofdenton.com TDD(800)735-2989
Visit www.cityofdenton.com for more news and to stay updated.
2
CITY OF
DENTON
FY 2019M20 ANNUAL BUDGET
The Denton City Council adopted the City's Fiscal Year 2019-20 budget and tax rate on Sept. 17,2019.
For additional information,visit www.cityofdenton.com/budget.
)f-A k TAX RATE HISTORY
Total Tax Rate Per$100 of Valuation
I ps $0.70 $0.6898 $0.6898 $0.6898 $0.6898 $0.6898
i Ta ; $0.68 $0.6833
I .5905
I I v I I $0.66
N
of property $0.64 $0.6379
m $0.62 $0.6205
F
TITI' �- ENWAMIilll-
$0.60
$0.5905
$0.58
RAT ECRIASI $0.56
• • , $0.54
2020
Fiscal Year
ljli�
F,11NDING
N0 RATE INCREASES
Firefightere Three new positions IStation
UTILITY RATE HISTORY FY 16.17 FY 17.18 FY 18.19 FY 19.20 Four new Sworn1 Officer positions '
Electric(1,200 kWH/month) $130.86 $129.26 $124.80 $124.80 I new Civilian Jailer positions($14,
Water(9,200 gallons/month) $54.18 $54.18 $54.18 $54.18 e Three new Public Safety Officer positions ($244,457)
Wastewater(5,400 gallons/month) $33.12 $33.12 $31.52 $31.52
Solid Waste Standard Cart* $27.85 $24.51 $24.51 $24.51 Three new Public Dispatcher positions($2'
4,517)
Total $246.01 $241.07 $235.01 $235.01 Four new Animal Services Positions I
*FY 17-18 reflects mid-year rate decrease
Enhanced I . I; I
Additional I I for homelessness .I I
Iq
CIl Y
or
DENTONProduced by the City of Denton•ADA/EOE/ADEA-TDD(800)735-2989•www.cityofdenton.com