Property Taxes
It’s not easy making cuts to a $4.63 billion budget when the public is begging for property tax relief and pretty much everyone wants increased public safety, capital improvements, and driveable streets. The Dallas City Council is slated to approve a budget and property tax rate on Wednesday. Earlier this month, council members offered 63…
Despite pleas from Mayor Eric Johnson and District 12 Councilwoman Cara Mendelsohn, the Dallas City Council set the property tax ceiling — the highest possible rate that can be adopted — at 73.93 cents per $100 assessed valuation, as proposed by City Manager T.C. Broadnax. The council will vote on the tax rate and budget…
Budget season is officially underway at Dallas City Hall, and Dallas City Manager T.C. Broadnax offered local reporters a sneak peek Thursday afternoon at his draft document. The city manager’s $4.63 billion recommended budget represents a $138 million, or 8.1 percent, increase over the current year’s $4.51 billion budget. Broadnax said he’s recommending a 0.65-cent…
Dallas Mayor Eric Johnson vowed at his inaugural address in June to do three things in his final term: improve public safety, create the best park system, and have the lowest tax rate of a major city in North Texas. Cynics will say that Dallas leaders have to pick sides, Johnson told a crowd at…
By Ryan Casey Stephens, FPQP®Special Contributor Welcome to another week, one that is already a mixed bag of good and bad. On the one hand, the average 30-year fixed rate just hit its highest level since the 2008 financial crisis, and at a time when we expected rates to drop. At the same time, inflation…
