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26 results for “debt obligations” · budget

  • TOWNSHIP OF BETHLEHEM 2025 BUDGET ASSUMPTIONS AS OF OCTOBER 18, 2024

    Oct 18, 2024

    ·Bethlehem, PA
    Budget

    The Township of Bethlehem 2025 budget assumptions document, dated October 18, 2024, outlines wage increases, staffing changes, and revenue assumptions for the upcoming fiscal year. Wage and fringe benefit increases include 3.0% for AFSCME and Teamsters employees (CBAs expiring 12/31/26), 3.5% for police and non-bargaining staff, 5.9% for library staff, 17.7% for medical insurance, and 55.57% for pension mandatory minimum obligations. The township is hiring two police officers and two truck drivers in 2025. The budget proposes no increases to the millage rate, sewer billing rate, or stormwater fees, with stormwater in year 4 of a 4-year model with a proposed rate lock. Current debt service from Series 2021 bonds matures in Spring 2027, with no new debt service proposed for 2025. Budget hearings are scheduled for October 24, October 29, and November 7, with first public reading on November 18 and final adoption on December 16.

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  • JOHN F WARREN COUNTY CLERK DALLAS COUNTY, TEXAS FILED: Sep 03, 2024, 3:47 pm

Sep 3, 2024

·Dallas, TX
Budget

Dallas County, Texas filed its Fiscal Year 2024-2025 budget on September 3, 2024, proposing a property tax revenue increase of $63,484,171 (8.99 percent) over the prior year budget, with $20,986,886 attributable to new property added to the tax roll. The property tax rate for 2024-2025 is set at $0.215500 per $100 of valuation, compared to $0.215718 in 2023-2024, while the no-new-revenue tax rate decreased from $0.194757 to $0.202312 per $100. Total debt obligation secured by property taxes is $28,711,400. The budget document includes detailed sections on strategic operations, departmental budgets, position summaries, and financial policies across 634 pages.

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  • City of Dearborn Public Hearing 2025–2026 Budget List of Documents Page(s) A.

    Dearborn, MI
    Budget

    The City of Dearborn held a public hearing on its proposed 2025–2026 budget as of May 1, 2025, presenting a balanced General Fund budget expected to contribute $230,689 to the fund balance reserve. The budget faces financial challenges including revenue growth falling short of expenditure inflation, state taxation limitations, and rising retirement and debt service obligations, with personnel and non-discretionary spending comprising 79% of general fund uses. Revenue is projected to increase $3.6 million (2.5%), primarily from property tax gains of $1.7 million and increased charges for services of $1.1 million, while expenditures increase $3.6 million (2.4%), largely due to $5.7 million in additional wages and benefits; budget priorities allocate 70% of subsidies to Public Safety, followed by Administrative (11%), Public Works & Facilities (9%), Parks & Recreation (8%), and Economic Development (2%).

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    budgetpublic safetypension obligationsproperty taxrevenue growth
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  • Tucsonaz

    Tucson, AZ
    Budget

    The City of Tucson's Annual Comprehensive Financial Report for the fiscal year ended June 30, 2021, presents comprehensive financial statements prepared by the Accounting Operations division of the Business Services Department. The report includes government-wide financial statements, fund financial statements for governmental, proprietary, and fiduciary funds, detailed notes covering accounting policies and significant financial matters including pension plans, debt obligations, and capital assets, along with required supplementary information on budgeted versus actual revenues and expenditures. The document received a Certificate of Achievement for Excellence in Financial Reporting and provides detailed disclosures on the city's financial position, including information on the Tucson Supplemental Retirement System, Public Safety Personnel Retirement System, and other post-employment benefits.

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  • CAFR Comprehensive Annual Financial Report

    Tucson, AZ
    Budget

    The City of Tucson, Arizona's Comprehensive Annual Financial Report for fiscal year ended June 30, 2015 presents the city's complete financial position, including government-wide financial statements, fund financial statements for governmental, proprietary, and fiduciary funds, and detailed notes on accounting policies, debt, pension liabilities, and other financial obligations. The report includes required supplementary information such as budget-to-actual comparisons for the General Fund and Mass Transit Special Revenue Fund, as well as pension plan disclosures for the Tucson Employees Retirement System (TSRS). The document was prepared by the Department of Finance, Accounting Operations Division, and the city received a Certificate of Achievement for Excellence in Financial Reporting.

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    budgetfinancial reportingpension liabilitiesdebt managementmass transit
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  • city of fort worth, texas fiscal year 2023-2024 annual budget

    Fort Worth, TX
    Budget

    The City of Fort Worth adopted its fiscal year 2023-2024 annual budget, which increases property tax revenue by $65,264,597 (9.2 percent) from the previous year, with $21,759,142 from newly added properties to the tax roll. The city council voted 9-2 in favor of the budget, with the property tax rate decreasing from $0.712500 to $0.672500 per $100 of assessed value, while total outstanding municipal debt obligations secured by property taxes amount to $1,335,366,771.

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  • ADOPTED ANNUAL BUDGET & PROGRAM OBJECTIVES

    Fort Worth, TX
    Budget

    The City of Fort Worth adopted its FY2023 annual budget, which increases property tax revenue by $73,009,942 (11.4 percent) compared to the previous year, with $19,583,878 from newly added property. The municipal property tax rate was reduced from $0.7325 to $0.7125 per $100 valuation, while total outstanding municipal debt obligations secured by property taxes stands at $1,114,604,718. The budget passed with a 7-2 vote, with Mayor Mattie Parker and five council members voting in favor and two voting against.

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    budget adoptionproperty taxtax rate reductionmunicipal debtrevenue increase
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  • City of Columbia, SC - Budget Office

    Columbia, SC
    Budget

    The City of Columbia, SC's FY 2023-2024 Budget, presented to City Council on June 2, 2023, is balanced and scheduled for final adoption following a public hearing on June 6, 2023. The budget prioritizes meeting City Council's strategic outcomes, including workforce stability, technology investments, infrastructure projects (Finlay Park, Municipal Complex, Canal Embankment), and community improvements in affordable housing, redevelopment, and economic growth. The budget development emphasizes efficient resource allocation while addressing service demands, capital investments, and financial obligations such as debt service.

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  • City of Fort Worth, Texas FY2020 Adopted Annual Budget and Program Objectives

    Fort Worth, TX
    Budget

    The City of Fort Worth adopted its FY2020 budget with a property tax revenue increase of $46,738,049 (8.8 percent) from the previous year, with $16,224,902 derived from newly added property. The municipal property tax rate was lowered from $0.785000 to $0.747500, while total outstanding municipal debt obligations secured by property taxes totaled $827,991,475. The city council voted 5-3 in favor of budget adoption, with one member absent.

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    budget adoptionproperty taxmunicipal debttax raterevenue increase
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  • Proposed Operating Budget Fiscal Year 2025

    Tampa, FL
    Budget

    Tampa Bay Water's proposed Fiscal Year 2025 Operating Budget outlines the organization's financial plan, including revenue projections, expenditure allocations, and capital improvement programs across multiple divisions. The budget addresses key factors affecting operations, establishes uniform water rates for member costs, and includes analysis of debt service obligations and bond financing. The document covers staffing levels, operational highlights, and divisional budget details to guide Tampa Bay Water's financial and operational planning for the upcoming fiscal year.

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  • City of Tucson, Arizona Annual Comprehensive Financial ...

    Tucson, AZ
    Budget

    The City of Tucson's Annual Comprehensive Financial Report for the fiscal year ended June 30, 2023, presents the municipality's complete financial statements, including government-wide and fund-level financial data prepared by the Accounting Operations division of the Business Services Department. The report contains audited financial statements, management's discussion and analysis, detailed notes on accounting policies, and supplementary information covering governmental funds, proprietary funds, fiduciary funds, and multiple pension plan disclosures. The document received a Certificate of Achievement for Excellence in Financial Reporting and includes comprehensive information on the city's net position, revenues, expenditures, capital assets, debt obligations, and long-term liabilities.

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  • Budget Highlights City Overview

    Tucson, AZ
    Budget

    The City of Tucson's Fiscal Year 2026 budget was submitted by the City Manager on April 22, 2025, and adopted by the Mayor and Council on June 6, 2025. The citywide expenditure budget totals $2.41 billion, representing a $19 million increase from the prior year, with major allocations directed toward employee compensation adjustments ($23.6 million), public safety operations, capital improvements, violence prevention and intervention programs, and technology sustainment. Key expenditures include salaries and wages ($277.3 million, 33.62%), professional services ($125.9 million, 15.28%), pension obligations ($85.1 million combined), and debt services ($54.1 million).

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  • borough of kennett square 2021 approved budget

    Kennett Square, PA
    Budget

    The Borough of Kennett Square's 2021 approved budget document outlines the municipality's financial plan across multiple funds including the General Fund, Water Fund, and various debt obligations. The budget includes detailed breakdowns of revenues and expenditures by department—including General Government, Public Safety, Public Works, and Recreation—along with staffing levels, wage and benefits analysis, and a comparison of tax rates and assessments from 2010–2020. The document also provides comprehensive debt service information covering general obligation bonds and notes issued between 2019 and 2021 for projects including sewer upgrades, parking garages, and borough-owned properties.

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    budgettax ratesdebt servicewater fundpublic works
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  • Oakland Financial Breakdown

    Oakland, CA
    Budget

    Oakland's fiscal year 2019 audited financial report, analyzed by Truth in Accounting, shows the city entered the coronavirus pandemic with a "D" grade financial rating and a total debt burden of $2.3 billion, or $17,000 per taxpayer. Oakland had only $1.7 billion in assets available to pay $4 billion in bills, creating a $2.3 billion shortfall driven primarily by unfunded retirement obligations: $1.9 billion in unfunded pension benefits and $927.8 million in unfunded retiree health care benefits out of $6.5 billion in total promised retirement benefits. The city ranked 67th out of 75 cities in financial health and lacked sufficient reserves to weather pandemic-related revenue losses, with overall debt expected to increase as a result of the crisis.

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    budgetdebt managementpension obligationsfinancial healthpublic employee benefits
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  • Dallas County Fiscal Year 2021-2022 Budget Cover Page

    Dallas, TX
    Budget

    Dallas County's Fiscal Year 2021-2022 budget raises property tax revenue of $29,394,729 more than the prior year, representing a 5.13 percent increase, with $13,637,722.62 from new properties added to the tax roll. The governing body voted 5–0 in favor, with County Judge Clay Jenkins, Commissioners Dr. Theresa Daniel, JJ Koch, John Wiley Price, and Dr. Elba Garcia supporting approval. The property tax rate decreased to $0.227946 per $100 of valuation from $0.239740 in the prior year, while total debt obligation secured by property taxes is $116,665,000. The budget was developed in response to ongoing COVID-19 pandemic challenges affecting service delivery, employee hiring and retention, and economic conditions including a June 2021 unemployment rate of 6.0% and a 29.06 percent increase in single-unit residential housing sales year-over-year.

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  • C I T Y O F A K R O N , O H I O 2020 BUDGET PLAN 2020 WWW.AKRONOHIO.GOV

    Akron, OH
    Budget

    The City of Akron, Ohio's 2020 Budget Plan document outlines the city's comprehensive fiscal strategy for 2020, including operating budgets across multiple funds (General, Sewer, and Water), debt service obligations, and capital investment programs. The document includes detailed analysis of budgeted revenues and expenditures by category, comparative fund balances, long-range financial planning, and debt service requirements across various bond types and loan agreements. The budget framework encompasses fiscal performance goals, departmental allocations, revenue sources including property taxes and community development grants, and infrastructure planning through the Capital Investment and Community Development Program.

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    budget planningmunicipal financerevenue allocationdebt servicecapital infrastructure
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  • 2024 operating budget plan

    Akron, OH
    Budget

    The City of Akron, Ohio presented its 2024 operating budget plan, which received the Government Finance Officers Association Distinguished Budget Presentation Award. The comprehensive document covers revenue and expenditure categories across multiple funds including the General Fund, Sewer Fund, and Water Fund, along with detailed debt service obligations, capital investment programs, and long-range financial planning assumptions. The budget includes analysis of fund balances, departmental budgets, bond ratings, and historical comparative data to support the city's fiscal operations for the year beginning January 1, 2023.

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  • City of Scranton 2024 Budget

    Scranton, PA
    Budget

    The City of Scranton submitted its 2024 Operating Budget on November 6, 2023, under Mayor Paige G. Cognetti and Business Administrator Eileen Cipriani, which includes estimated revenues from taxes and fees alongside detailed departmental expenditures that do not exceed projected income. The budget narrative highlights ongoing economic challenges including interest rate volatility, rising housing costs, and workforce pressures, while noting that Scranton has achieved budget surpluses in 2020–2022 and is tracking well in 2023 through careful expenditure management and healthcare cost reductions. The city is incrementally raising employee salaries to improve competitiveness with comparable Pennsylvania municipalities, and has issued a $4,070,000 General Obligation Note in 2023 for capital expenditures while minimizing increases to 2024 debt service; the city has also adopted Investment, Fund Balance, and Debt Management policies and created an Other Post Employment Benefits Trust to manage long-term liabilities.

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    budgettax revenuedebt managementemployee salariescapital expenditures
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  • Omaha Financial Breakdown

    Omaha, NE
    Budget

    According to a 2021 Truth in Accounting report based on Omaha's fiscal year 2019 audited financial report, the city entered the COVID-19 pandemic in poor fiscal health with a total debt burden of $1.2 billion, or $7,500 per taxpayer, earning it a "D" financial grade and ranking 50th out of 75 cities. The city's financial problems stem primarily from unfunded retirement obligations, including $1 billion in unfunded pension benefits and $436.9 million in unfunded retiree health care benefits, with only $703.7 million in assets available to cover $1.9 billion in total bills. The report warned that Omaha's overall debt would likely increase due to pandemic-related revenue losses and insufficient reserves to maintain government services and benefits.

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  • Adopted Annual Budget and Program Initiatives

    Fort Worth, TX
    Budget

    The City of Fort Worth adopted its FY 2020-2021 annual budget with a unanimous vote by City Council (9-0), which increases property tax revenue by $21.6 million (3.7%) over the prior year, with $18.7 million attributed to newly added properties. The municipal property tax rate remained unchanged at $0.747500, while the city carries total outstanding debt obligations of $951.4 million secured by property taxes. The budget document received the GFOA Distinguished Budget Presentation Award.

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    budget adoptionproperty taxdebt obligationsmunicipal financetax revenue
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  • University of South Carolina Columbia, South Carolina

    Columbia, SC
    Budget

    The University of South Carolina's Annual Comprehensive Financial Report for the year ended June 30, 2025 presents the institution's complete financial statements as a component unit of the State of South Carolina. The report includes financial statements covering net position, revenues, expenses, cash flows, and detailed notes on accounting policies, investments, capital assets, pension and employee benefit obligations, and debt. The document also provides supplementary statistical information on revenues by source, expenses by function, and outstanding debt ratios.

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  • City of Houston, Texas Comprehensive Annual Financial Report

    Houston, TX
    Budget

    The City of Houston's Comprehensive Annual Financial Report for fiscal year ended June 30, 2017, prepared by City Controller Chris B. Brown, presents the city's complete financial statements including government-wide and fund-level financial positions, activities, and cash flows. The report contains audited financial statements, management's discussion and analysis, required supplementary information on budgets and pension obligations, and individual fund statements covering the General Fund, Debt Service Fund, Capital Projects Fund, and Grants Fund. The document received a Certificate of Achievement for Excellence in Financial Reporting and was produced in memoriam of former Houston City Council Member Peter Hoyt Brown.

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  • FY 2023-24 Adopted Annual Operating and Capital Budget ...

    Dallas, TX
    Budget

    The City of Dallas adopted its FY 2023-24 Annual Operating and Capital Budget on September 20, 2023, with a total debt obligation of $2,160,855,416 as of September 30, 2023. The adopted property tax rate decreased from $0.745800 to $0.735700, while property tax revenue increased by $107,494,533 (8.76 percent) compared to the prior year, with $27,588,503 derived from new property added to the tax roll. The budget was approved by City Council with a vote of 9-6, and the document includes strategic investments across eight major areas including economic development, public safety, transportation, housing, and workforce development.

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    budgetproperty taxcapital spendingpublic safetytransportation
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  • City of Scranton 2025 Budget

    Scranton, PA
    Budget

    The City of Scranton submitted its 2025 Operating Budget on October 30, 2024, with estimated expenditures not exceeding estimated revenue, as required by the Home Rule Charter. The budget narrative highlights the city's fiscal management during challenging economic conditions, noting budget surpluses in 2020–2023 and successful debt management, including a 2024 General Obligation Notes refunding that generated $2.195 million in net debt service savings. In March 2024, Standard & Poor's upgraded Scranton's bond rating from BBB- to BBB+ with a positive outlook, reflecting the city's improved financial health despite ongoing pressures including workforce retention challenges and the need to maintain competitive employee salaries.

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  • CITY OF FORT WORTH, TEXAS FISCAL YEAR 2024-2025 ANNUAL BUDGET

    Fort Worth, TX
    Budget

    The City of Fort Worth adopted its Fiscal Year 2024-2025 Annual Budget, which increases property tax revenue by $11,601,369 (1.58 percent) compared to the previous year, with an additional $25,987,428 expected from newly added properties. The City Council unanimously approved the budget with all 11 members voting in favor. The municipal property tax rate remains unchanged at $0.672500, while the total outstanding municipal debt obligations secured by property taxes stands at $1,335,366,771.

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    budgetproperty taxmunicipal debtfiscal year 2024-2025tax revenue
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  • 2024 Budget Statement Jeff Cusat Hazleton Mayor

    Hazleton, PA
    Budget

    Hazleton Mayor Jeff Cusat presented the 2024 proposed operating budget totaling $25,025,850 across six funds, following the city's successful exit from ACT 47 financial oversight in 2023. The budget proposes a 1.15 million dollar increase in real estate taxes to address three major obligations, while simultaneously recommending a 50% reduction in ACT 205 EIT taxes, with the administration projecting that most city workers will see a net tax reduction overall. The General Fund, the city's main operating fund, comprises $15,943,945 of the total budget, with additional allocations for pensions, recreation, airport operations, debt service, and liquid fuels.

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