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City of Irving News

Posted on: October 7, 2020

Irving City Council Approves Tax Rate, Balanced Budget for Fiscal Year 2020-21

Irving City Council and staff at the Budget Retreat Aug. 19 2020.

On Sept. 17, 2020, the Irving City Council approved a $687.9 M Fiscal Year 2020-21 (FY 21) balanced operating budget. The adopted FY 21 budget is based on a stable property tax rate of $0.5941/$100 valuation, marking the seventh consecutive year without adjustment. The General Fund budget is $232.8 M and serves as the city’s main operating fund containing the majority of revenues, operating expenditures and departmental budgets.

The FY 21 General Fund budget was reduced by $1.15 M to offset COVID-19 impacts; however, the budget includes continued funding for critical infrastructure improvements, public safety enhancements, community service programs and quality of life services.

Solid waste services and water rates remain unchanged, however drainage and sewer rates will increase approximately $3 per month beginning Oct. 1, 2020.

  • FY 21 begins the second year of a five year, $100 M plan to address Drainage Solutions for a Better Tomorrow. This initiative funds infrastructure needs for the city’s stormwater drainage system, resulting in a $1.50 per month adjustment for the average home.
  • Sewer rates will increase due to a pass-through cost for sewage treatment by the Trinity  River Authority impacting utility bills by $1.50 per month.

The Capital Improvement Program includes the city’s Road to the Future initiative, which provides rehabilitation and improvements to city streets, such as MacArthur Boulevard from Metker Street to Byron Nelson Way, as well as neighborhood street reconstruction. The Capital Improvement Program also funds improvements to multiple city facilities, parks and recreation improvements and infrastructure renovations, and other park development, such as the central section of Campion Trail.

Once finalized, the adopted FY 21 Budget will be available at CityofIrving.org/Budget

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