Budget

Responsibilities

Quick summary of the current City of Irving budget. Opens in new windowThe Budget Office is a division of the Financial Services Department responsible for developing and publishing the city's annual operating and capital budgets. The Budget Office also analyzes revenue and expenditures trends throughout the year and assists with special projects assigned by city management.

The city operates an annual budget with the fiscal year beginning on Oct. 1 and ending on Sept. 30. The City Manager is responsible for proposing an annual operating budget to City Council at least 30 days prior to the adoption of the tax rate. 

The budget, tax rate and certified tax roll are adopted each year by City Council. Residents and business owners are encouraged to provide comments and feedback related to the budget, tax rate and charges for services throughout the annual budget process.

  1. Tax Exemption Raised for Seniors and Disabled Residents

    On June 30, the City Council approved increasing the existing over 65/disabled person exemption from $45,000 to $50,000 for Fiscal Year 2022-23, which becomes effective Oct. 1. Read on...
  2. Moody’s, S&P Global Affirm Top Ratings for City of Irving

    The City of Irving’s general obligation credit ratings were affirmed at “Aaa” by Moody’s Investors Service and “AAA” by S&P Global. Both ratings are the highest credit ratings possible and assure that the city can obtain the best interest rates available. Read on...
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