Page 9 - FY 2009 Proposed Budget

Manager’s Message
Table of Contents
Table of Contents

Conclusion
The average household in Arlington will see the following increases in FY 2021:

 Property taxes on the average home will increase by $2.41 per month
 No increases to the water and sewer rates
 Garbage rate will increase by 20¢ per month
 The storm water rate will increase by 25¢ per month

The average resident will pay $34.35* more per year ($2.86 per month) for property taxes, water, sanitation, and storm water
services provided by the City.

The Fiscal Year 2021 Budget has been very challenging. The uncertainty facing all state and local governments is beyond
anything we have experienced. The outlook for city budgets will depend on the country’s ability to contain and eventually reverse
the threat posed by COVID-19, and will also depend on the federal government’s willingness to provide flexible assistance in
the form of grants, loans, and expanded unemployment assistance to those in need.

But Arlington is more favorably positioned than most cities. The vision to make wise long-term decisions in the past has provided
us with flexibility to respond to challenging conditions in the future. Having strong levels of financial reserves, an exemplary
credit rating, resources set aside in our gas funds and the Tomorrow Foundation, and an agile approach to debt structuring have
given us opportunities to be successful. Our flexibility will surely be tested in the coming year, and our willingness to adapt and
respond to meet the challenges facing our community will remain our greatest asset.

We respectfully present the FY 2021 Budget for consideration by the Mayor and City Council and look forward to finalizing our
plan of work to serve our City’s residents in the coming year.

Sincerely,

Trey Yelverton
City Manager

*If the City Council chooses to return deposits to the 16,402 eligible accounts, $1.3M will be rebated, resulting in approximately
$80 savings per account or $6.60 per month.

2021 Adopted Budget and Business Plan vi City of Arlington, Texas