092320 Press Release - City Adopts FY2020-21 Budget -4��r FOR IMMEDIATE RELEASE
DENTON Ryan Adams • (940) 349-8565 • Ryan.Adamskcityofdenton.com
City of Denton Adopts FY2020-21 Budget
Budget Includes No Increases for Tax Rate or City Services
DENTON, TX, Sept. 23, 2020—The Denton City Council adopted the City's Fiscal Year 2020-
21 budget and tax rate 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 (formerly known as the 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 rate decreases for Water and Solid Waste & Recycling services and
continues a trend of no increases to utility rates over the past four years. There are no rate
changes for Wastewater and Electric services.
Staff began development of the FY20-21 budget in the spring of 2020,just as the COVID-19
pandemic first began to affect the Denton community. As the FY20-21 proposed budget was
being developed, proactive cost-saving measures were implemented by the City to manage the
current FYI 9-20 budget to ensure that core services would continue despite uncertain financial
impacts of the pandemic.
The FY20-21 proposed budget was first presented to the Denton City Council in July and
August. The City hosted three budget workshops, a public hearing on the budget, and a public
meeting on the tax rate in August and September. During this time, residents had the opportunity
to provide feedback on the budget and tax rate by attending a virtual public meeting or by
submitting their feedback through an online portal.
Additional budget information is available on the City of Denton website at
www.cityofdenton.com/budget.
Contact: Ryan Adams, (940) 349-8565,Ryan.Adams(&cityofdenton.com
Visit www.cityofdenton.com for more news and to stay updated.
OUR CORE VALUES
Integrity•Fiscal Responsibility•Transparency• Outstanding Customer Service
ADA/EOE/ADEA www.cityofdenton.com TDD(800)735-2989
CITY OF
11 NTr
FY 2020-21 BUDGET
L.
For additional information, visit www.cityofdenton.com/budget.
TAX RATE HISTORY
Total Tax Rate Per$100 of Valuation
A $0.70 $0.6898 $0.6898 $0.6898 $0.6898 $0.6898
$0.68 $0.6833
$0.66
$0.6379
M $0.64
I I II x $0.6205
g $0.62
m
NO TAX RATE ~ $0.6
$0.5905 $0.5905
$0.58
INCREASE $0.54
2020 2021
Fiscal Year Proposed
Budget
UTILITY RATE HISTORY Proposed
Budget
The FY 2020-21 FY 17-18 FY 18-19 FY 19-20* FY 20-21
budgetI ' Electric(1,200 kWH/month) $129.26 $124.80 $124.80 $124.80
Water(9,200 gallons/month) $54.18 $54.18 $54.18 $53.10
RATE DECREASES Wastewater(5,400 gallons/month)** $35.55 $31.52 $31.52 $31.52
for water and solid waste & Solid Waste-standard cart* $24.51 $24.51 $21.51 $20.51
recycling services, and Total $243.50 $235.01 $232.01 $229.93
*FY 17-18 and FY19-20 reflect mid-year rate decreases
I INCREASES I wastewater
**FY 18-19 reflects a 5%rate decrease and min volume decrease from 6,000 to 5,400
and electric services. SERVICE ENHANCEMENTS
• New 311 system for efficient response to citizen requests ($1.3 million)
• Six new Sworn Police Officer positions 6811,598)
•Three new Firefighter positions for Station #8 ($273,263)
• 2019 Bond Election funds issued for Street Improvements ($12.4 million)
F' a Bond funds issued for Public Safety Facilities 2019 Bond Election ($42.9 minion)
DENTON
Produced by the City of Denton•ADA/EOE/ADEA•TDD(800)735-2989•www.cityofdenton.com