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Irving City Council Adopts Annual Budget

On Sept. 16, Irving City Council adopted the Fiscal Year 2021-2022 (FY22) budget with a tax rate of $0.5941/$100 valuation, which marks the eighth year in a row that the City of Irving’s property tax rate has remained the same. 

The FY22 total budget is $798.3 Million, with the majority comprising the General Fund and new and existing capital projects and equipment, including Road to the Future and Drainage Solutions for a Better Tomorrow, as well as funding significant projects from the 2021 Bond Election approved by voters in May.

THE GENERAL FUND

The FY22 General Fund, the main operating fund of the city's adopted budget, is $244,595,285. The General Fund includes public safety, public works, parks and recreation, libraries, community development and internal services and is funded primarily by property and sales tax collections. The pandemic impacted operations and services across the organization, and the city’s structurally balanced FY22 budget addresses staffing shortages, adjusts for inflation impacts and supply chain issues, as well as includes service level enhancements and operational efficiencies.

FY22 GENERAL FUND SERVICE ENHANCEMENTS

Graph of General Fund Expenditures Opens in new window

Added 16 New Full-time Positions, 2 New Part-time Positions.

  • 9 Police and Fire
  • 4 Capital Improvement Program & Traffic and Transportation
  • 3 Community Development, Human Resources and Municipal Court
  • 2 Part-time Parks and Recreation

Equipment and Software

  • Automation Software
  • Virtual Solutions Expansion
  • Fire Engines and Pumpers

GENERAL FUND REVENUES

 

Graph of General Fund Revenues Opens in new windowBreakdown of the different components of the property tax bill. Opens in new window

FY22 SALES TAX ALLOCATION: $633.4 MILLION

Breakdown of how the sales tax collected in Irving is distributed.

Out of every dollar spent on taxable goods and services in Irving, 8.25% in sales tax is generated and allocated to the State of Texas, Dallas Area Rapid Transit (DART) and the City of Irving.

SOLID WASTE, DRAINAGE, SEWER RATES INCREASE

Water rates remain unchanged from the prior year, but the cost to maintain infrastructure and service levels for sanitation, drainage and sewer services will increase approximately $8.62 per month effective Oct. 1.

Solid Waste Services
Solid Waste will increase $4.42 per month to fully fund operations, capital equipment, debt service and new landfill post-closure costs.

Drainage
FY22 begins the third year of a five-year, $100 million plan to address Drainage Solutions for a Better Tomorrow. This $1.50 per month increase funds stormwater infrastructure projects across the city’s drainage systems.

Sewer
Sewer rates will increase $2.70 per month due to a pass-through cost for sewage treatment by the Trinity River Authority.

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