Section 102.005(b) of the Texas Local Government Code, adopted in September 2007, requires any budget adopted after September 2007 to include the following language on a cover page:
“This budget will raise more total property taxes than last year’s budget by $110,925 or 3.072%, and of that amount $5,621 is tax revenue to be raised from new property added to the tax roll this year.”
The FY 2022 city budget for Castle Hills has been proposed at $7.1 million dollars, which is slight increase from the FY 2021 Adopted Budget. The proposed tax rate is $0.524899 per $100 of valuation, which is the Voter Approved Tax Rate.
Castle Hills fiscal year is from January 1 through December 31, so prior to each fiscal year the city council approves an operating budget that projects the collection of revenue and guides spending for the coming year.
The General Fund is the largest fund for the City and accounts for the general service and operations (police, permitting/planning, public works, and administration) are budgeted. All City employee salaries are funded out of the General Fund. The proposed General Fund revenue budget totals $7,109,814 million and the expenses budget totals $7,109,814 million.
Here’s a breakdown of the $7.1 million budget:
Castle Hills Fire
$1.9 million
Castle Hills Police
$2.7 million
Public Works (Streets and Sanitation)
$888,842
General Administration includes (Municipal Court, Code Compliance and Permitting Office)
$1 million
The remaining areas of the budget include:
Contingency Fund Major Vehicle/Equipment fund
$388,635
Street and Drainage Funds Combined
$2.3 million
Debt Service fund
$266,542
Certificates of Obligation – Street Reconstruction ($3.3M) and Banyan and Carolwood Phase II Drainage Project ($2M).
Now that the 2022 city budget has been proposed there will be one public hearing for community feedback on the proposed budget and tax rate. The public hearing will be held on September 7 at 6:30 pm in the City Council Chambers, 209 Lemonwood.
The city council is expected to vote on the proposed budget after the public hearing on September 14.
Below is the notice for the public hearing on the proposed tax rate:
