Fiscal Year 2019 Budget

FY19 Budget and Five Year CIP

On September 18, City Council approved a fiscal year 2019 budget totaling $247.35 million. The budget, which reflects cautious optimism about the momentum being gained in the regional economic recovery, includes $219.02 million in operating expenses and $28.3 million in capital projects, with no new programs or positions.  The budget is funded by a flat tax rate and does not include the remaining voter approved park projects.

The budget is the result of months of preparation and financial policy discussions with the City Council and builds on resiliency initiatives started in the current year, such as: 

  • a conservative approach to forecasting sales tax based on current year revenues;
  • implementing and maintaining belt-tightening cuts to recurring expenditures; and 
  • ensuring that infrastructure rehabilitation is funded in the operating budget from more diverse and reliable revenue streams than previous funding from sales tax.

FY19 General Fund Budget

The General Fund is supported by $90.2 million in revenues coming from sales tax, property tax, franchise fees, charges for service, court fines and other sources.  Sales tax is conservatively budgeted based on fiscal year 2018 revenue projections with no growth.

General Fund Revenue

The General Fund is the main operating fund for the City, including most services provided- such as public safety, parks and public works. Expenditures total $92.3 million for FY19. The budget includes $1.4 million in one-time items from a draw down of fund balance over policy requirements. The chart below shows the General Fund budget by department.

General Fund Exp by Dept

The breakdown of the adopted budget by fund can be found on this summary.

Park Bonds Update

The fiscal year 2019 budget as approved by City Council does not include funding for the $10.26 million in remaining voter approved park projects.  To date, the City has issued $21.2 million in bonds and completed several projects, including Brazos River Park Phase II, the festival site and Imperial Connector Trail. 

Continuation of the remaining projects requires the issuance of $10.26 million in bonds that will result in an increase to the tax rate to implement. City Council can still consider adding the projects to a future year budget.