Budget
BudgetMore budgets from Fort Worth
- Budget
The City of Fort Worth's Fiscal Year 2023-2024 Annual Budget increases property tax revenue by $65,264,597, representing a 9.2% increase compared to the previous year's budget, with $21,759,142 of this revenue coming from newly added properties on the tax roll. The 210-page budget document includes organizational information, strategic vision, budget development processes, and policies for the city's operating budget. The budget presentation received the GFOA Distinguished Budget Presentation Award.
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The City of Fort Worth, Texas FY2025-2026 Annual Budget projects a property tax revenue increase of $25.7 million (3.37 percent) compared to the previous year, with $21.1 million attributed to newly added property. The adopted tax rate for FY2026 is $0.6700 per $100 of assessed valuation, down slightly from the current FY2025 rate of $0.6725. The budget also itemizes lobbying expenses of $380,000 and public notice expenses of $99,659 for FY2026, representing decreases in lobbying costs but an increase in public notice spending compared to FY2025 preliminary figures.
AI summary
The City of Fort Worth adopted its FY2020 budget with a property tax revenue increase of $46.7 million (8.8 percent) from the previous year, with $16.2 million from new properties added to the tax roll. The municipal property tax rate decreased from $0.785000 to $0.747500, while total outstanding municipal debt obligations secured by property taxes totaled $827.9 million. The budget passed with a 5-3 vote, with Mayor Betsy Price and four councilmembers voting in favor and three voting against.
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