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The original item was published from 8/17/2022 4:38:20 PM to 8/25/2022 2:20:18 PM.

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Posted on: August 17, 2022

[ARCHIVED] FY 2022-2023 Proposed Budget

220805-PROPOSED_BUDGET_COVER

FY 2022-2023 Proposed Budget


“This budget will raise more total property taxes than last year’s budget by $293,378 or 7.881%, and of that amount $12,226 is tax revenue to be raised from new property added to the tax roll this year.”

 

The FY 2023 City budget for Castle Hills has been proposed at $7.5 million dollars, which is slight increase from the FY 2022 Adopted Budget, roughly 1.14%. The proposed tax rate is $0.522544 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 $7,557,743 million and the expenses budget totals $7,557,743 million.

 

Here’s a breakdown of the $7.5 million budget:

 

Castle Hills Fire

$2 million

 

Castle Hills Police

$2.8 million

 

Public Works (Streets and Sanitation)

$1 million

 

General Administration includes (Municipal Court, Code Compliance and Permitting Office)

$1.4 million

 

The remaining areas of the budget include:

 

Contingency Fund Major Vehicle/Equipment fund

$439,057

 

Street and Drainage Funds Combined

$2.8 million

 

Debt Service fund

$217,475

 

Proposed FY 2023:

  • Street Maintenance - $175,000
  • Drainage Utility Fund – Debt Payment - $289,338
  • Current projects under consideration for funding in FY2023 are as follow:
  • Mimosa/Krameria to West Avenue Drainage project (Watershed II) (Engineering/Design Complete) – Possible to due Phase I
  • Street Maintenance – Seal Coat Project – Street (Continue with the current Street Maintenance Program)

 

Capital Projects FY 2023:

  • The City has identified 12 streets for reconstruction and 4 drainage projects in different watersheds – Street Reconstruction ($3.5M) and Drainage Project ($3.5M). Funding is required for these future projects.

 

Budget Highlights (Capital Expenses): 

  • $10,000 set aside for future Rescue Truck
  • $20,000 set aside for future Fire Vehicle
  • $50,000 set aside for future Public Works Vehicle
  • $15,000 set aside for future Fire – SCBA
  • $34,000 set aside for Phase III Renovations to the Fire Department Facility (ARPA) Funds)
  • $100,000 set aside for Common Improvements (ARPA Funds)
  • Platform Fire Truck payment – Principal payment of $82,865 and Interest payment of $4,700.
  • No change in cost to the Employee Health Plan

 

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 6 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 13 Regular City Council Meeting.

 

For more information on the proposed budget, please visit the City of Castle Hills website at cityofcastlehills.com.

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