| 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, 2019 and Ending September 30, 2020, 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 2020 (FY 2020). The first public hearing was held on September 3, 2019 at a meeting that began at 5:00 pm in Council Chambers.
The proposed FY2020 budget provides an appropriation of $93,613,651. Listed below is a breakdown of funds:
| Fund |
Amount |
| General |
$43,463,976 |
| Hotel |
$7,867,706 |
| Debt Service Combined |
$6,975,938 |
| Economic Development |
$1,870,331 |
| Airport |
$7,608,175 |
| Utility |
$14,925,660 |
| Stormwater |
$2,668,771 |
| Combined Replacement |
$3,619,831 |
| Combined Grants |
$13,700 |
| Combined Special Revenues |
$4,599,563 |
| Total |
$93,613,651 |
Significant items in the proposed budget include:
- Revenues for all funds total approximately $84.2 million, a slight change compared to FY 2019. Primary revenues sources are property tax ($27.5 million), sales tax ($13.7 million), hotel occupancy tax ($5.5 million) and utility service fees ($13.0 million).
- Staffing level of 289.7 Full-time Equivalent (FTE) positions. This is an increase of 11.2 FTE’s over FY 2019.
- Employee compensation allocation of approximately $969 thousand in all funds for merit increases plus benefits. This provides a pool equivalent to a 4 percent merit increase.
- Significant decision packages include:
- Fire Station Bay Air Filtration System ($113 thousand),
- Bay Door Replacement at Fire Stations ($180 thousand),
- Computer Maintenance Management System ($125 thousand),
- Replacement Plantings ($155 thousand),
- Facilities Maintenance Funds ($170 thousand),
- Trails and Bicycle Path Master Plan ($117.7 thousand),
- Athletic Club Building Updates ($451.5 thousand),
- Funds for Asset Management Implementation ($800 thousand),
- Funds for Enhanced Street Maintenance ($1.06 million).
The FY 2020 proposed five-year capital improvements budget totals $41.5 million. Significant projects include:
- Midway Road Reconstruction ($15 million),
- Vitruvian Development Next Phase ($2.6 million),
- Belt Line Road Phase 1.5 ($2.1 million),
- License Plate Recognition System Expansion ($1.4 million),
- Start of Airport Customs Facility Construction ($5.7 million),
- Celestial Ground Storage Tank Rehabilitation ($1.7 million),
- Chlorine Booster Station ($1.0 million),
- Basin I Sanitary Sewer Re-route ($1.7 million),
- Water System Improvements ($1.4 million),
- Stormwater Assessment Basin Improvements ($1.5 million).
The proposed property tax rate for FY2020 is $0.591133 per $100 of valuation. This rate exceeds the Effective Tax Rate of $0.552371, but not higher than the Rollback Rate of $0.591133, which is the highest rate the Town may adopt before voters are entitled to petition for an election to limit the rate to the rollback rate. The proposed tax is higher than last year's adopted tax rate of $0.550000 per $100 of valuation. This tax rate will generate a total property tax revenue budget of $27,514,819. These property tax revenues and rates are distributed as follows:
| Fund |
Property Tax Rate (per $100 of valuation) |
Property Tax Rate Revenues |
| General |
$0.411833 |
$19,107,178 |
| Economic Development |
$0.023716 |
$1,105,981 |
| Infrastructure Investment |
$0.006201 |
$288,422 |
| Debt Service |
$0.149383 |
$7,013,238 |
| Total |
$0.591133 |
$27,514,819 |
| |
Taxable Home Value |
Property Tax |
| FY 2020 |
$331,280 |
$1,958.30 |
| FY 2019 |
$319,582 |
$1,757.70 |
| Difference |
|
$200.60 |
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. The first public hearing was held on September 3, 2019 at 5:00 pm in Council Chambers. This notice was published in the Dallas Morning News on Friday, August 16, 2019. Included with this agenda item is a copy of the publication. |