Page 34 - FY 2023-24 ADOPTED BUDGET
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For the 2023-24 fiscal year, the City’s total tax rate was reduced from $0.5950 to $0.5650 due to an increase in
appraised valuations. The General Fund portion of the property tax rate was reduced from $0.5740 to $0.5260.
The Debt Service Fund portion of the property tax rate increased from $0.0210 to $0.0390.
As always, the preparation and adoption of the Budget is one of the most important actions of the Benbrook City
Council. The budgetary process determines what services the City provides, the level of services, and how the funds
are provided to finance these services. The Budget is a compromise between available resources and service needs
- a compromise that attempts to allocate funds on a priority basis as determined by the City Council. The Budget,
administered with the proper controls, represents a reliable financial plan to be used in making decisions facing the
City of Benbrook over the course of the next twelve months.
The City Manager and the City Staff stand ready to assist the City Council in implementing the 2023-24 Budget.
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