The town of Flower Mound would hire no new full-time positions over the coming fiscal year, and there would be no salary increases for current employees. (Photo by Anna Herod/Community Impact Newspaper)
Flower Mound Town Council on Sept. 21 approved the budget for the 2020-21 fiscal year, which will cut general-fund spending by 3%. The body also approved a tax rate of $0.4365 per $100 of appraised property value, which would effectively raise property taxes by about 2%, according to the ordinance.
The town would hire no new full-time positions over the coming fiscal year, and there would be no salary increases for current employees.
The budget lays out roughly $69 million in expenditures from the town’s general fund while anticipating nearly $72 million in general-fund revenues.
In the budget calculations, the town staff assumed sales tax revenues would remain flat.
The town’s general fund balance dropped from more than $21 million to less than $18 million over the course of the past year. Under the recently adopted budget, the town staff anticipates the fund balance rising back to over $20 million.
September 22, 2020 at 05:00PM
https://communityimpact.com/dallas-fort-worth/lewisville-flower-mound-highland-village/government/2020/09/22/flower-mound-adopts-2020-21-budget-opting-for-lower-general-fund-expenses-higher-property-tax-collections/
Flower Mound adopts 2020-21 budget, opting for lower general fund expenses, higher property tax collections - Community Impact Newspaper
https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en
No comments:
Post a Comment