| Hold a Public Hearing, Present, Discuss, and Consider Action on an Ordinance of the Town of Addison, Texas Approving and Adopting the Annual Budget for the Fiscal Year Beginning October 1, 2022 and Ending September 30, 2023, and Making Appropriations for Each Office, Department, Agency and Project of the Town, Providing that Expenditures for Said Fiscal Year Shall be Made in Accordance with the Adopted Budget, Unless Otherwise Authorized by an Ordinance Adopted by the City Council; Providing for Emergency Expenditures and Expenditures as Otherwise Allowed by Law. |
This is the second public hearing regarding the Town of Addison's Annual Budget for Fiscal Year (FY) 2023. The proposed FY2023 budget requests an appropriation of $100,614,260 consisting of $91,377,822 for operating expenditures, $6,899,033 for capital improvements, $1,677,405 for transfers, and $660,000 for one-time decision packages. Listed below is a breakdown of funds:
| Fund |
Expenditure Amount |
| General |
$44,166,648 |
| Hotel |
6,906,049 |
| Debt Service Combined |
9,861,154 |
| Economic Development |
2,176,459 |
| Infrastructure Investment |
1,400,000 |
| Airport |
8,655,225 |
| Utility |
15,735,470 |
| Stormwater |
4,914,228 |
| Combined Replacement |
4,228,500 |
| Combined Grants |
13,700 |
| Combined Special Revenues |
2,556,827 |
| Total |
$100,614,260 |
Significant items in the proposed operating budget include:
- Revenues for all funds total $89,782,283 an increase of $4.79M compared to the FY 2022 budget. Primary revenues sources are property tax ($32.96 million), sales tax ($14.40 million), hotel occupancy tax ($4.80 million) and utility service fees ($15.27 million).
- Staffing level of 306.0 Full-time Equivalent (FTE) positions. This is an increase of 5.2 FTE’s over FY 2022.
- Employee compensation allocation of approximately $1.29 million in all funds for merit/market increases. This provides a pool equivalent to a 5.32 percent merit/market increase.
Significant decision packages include:
- $500,000 funding for the creation of an Other Post-Employment Benefits (OPEB) trust.
- $347,000 for Fire facility maintenance.
- $82,000 for facility lightning protection.
- $300,000 to utilize available Texas Ambulance Services Supplemental Payment Program
(TASSPP) funds.
- $110,000 for the painting of Wheeler Bridge.
- $223,000 for Beltway Trail and Greenspace construction documents.
- $55,280 for Beckert Park light bollard replacement and electrical improvements.
- $260,000 to purchase chipper equipment for the Parks department.
- $132,500 for a Park Land Dedication & Development fee study.
- $192,459 for Addison Athletic Club fitness wing wall treatments.
The FY 2023 proposed five-year capital improvements budget totals $43.53 million. Significant projects include:
- Midway Road Reconstruction ($10.38 million),
- Vitruvian West Streetscape and Bella Lane Extension ($2.25 million),
- Improvements to Existing Buildings ($2.58 million),
- Keller Springs Reconstruction ($10.20 million),
- Les Lacs Pond Improvements ($1.27 million),
- Vitruvian Park Phase 9, Block 701 Improvements ($0.84 million),
- Quorum Drive Reconstructions ($0.75 million),
- Traffic Signal and ADA Improvements ($1.4 million),
- Lake Forest Drive Utility Improvements ($0.87 million),
- Rawhide Creek Basin Improvements - Les Lacs Area ($2.01 million),
- Bravo/Golf Taxiway Improvements ($5.84 million),
- Reconstruction of Jimmy Doolittle Drive ($1.55 million).
Texas Local Government Code (LGC) Sec. 102.006 requires the governing body of a municipality to hold a public hearing on the proposed budget and provide for public notice of the date, time, and location of the hearing. This notice was published in the Dallas Morning News on Friday, August 26, 2022.
The Fiscal Year 2023 proposed budget can be found at the following link on the Town's website: https://addisontexas.net/finance/budget
|