Economic Development & Tourism News

Posted on: October 6, 2017

New fiscal year budget keeps tax rate steady

City Hall plaza

FBTX ~ The continuation of capital improvements and enhancements to public safety are among the tenets of the $107 million Farmers Branch 2017-2018 Fiscal Year Budget, which was approved by the Farmers Branch City Council in September and went into effect October 1.

   Buoyed by a 5.1 percent increase in taxable values, the budget is a 9.5 percent increase over the previous year, leaving the property tax rate unchanged at 60.2267 cents per $100 of taxable value.

   An originally proposed residential water and sewer rate increase of 15 percent was changed to 10 percent with an increase in commercial rates for consumption more than 10,000 gallons. The 10 percent increase will mean $6.60 a month to a customer using an average of 6,000 gallons per month. The increase is necessary to pay for the increased cost of services with wastewater provider, Trinity River Authority, and drinking water provider, Dallas Water Utilities.

   The budget also includes the addition of employees that are associated with development of the City's west side, including three Firefighters, two Police Officers and one Building Inspector. Additionally, the budget includes a new Animal Services Assistant and the upgrade of the Farmers Market Coordinator from part-time to full-time.

   The Capital Improvement Program fund provides for continuation of the 10-year street bond program, Bee Street restaurant park development, Farmers Market improvements, Historical Park building repairs, Justice Center security improvements and Fire Station No. 2 relocation.

   The complete budget document can be seen at the Manske Library, City Hall and online at farmersbranchtx.gov.

Approved 2017-18 budget