On September 14, the Irving City Council approved the Fiscal Year 2023-24 (FY24) budget, set at a tax rate of $0.5891 per $100 valuation. The city's fiscal year commences on October 1 and concludes on September 30 annually.
The FY24 budget for the General Fund, Irving's primary operating fund, has been established at $289,456,559. This fund covers essential services such as public safety, public works, parks and recreation, libraries, community development, and internal services. Its primary sources of revenue are property and sales tax collections.
The FY24 budget, designed to be structurally balanced, aims to sustain existing service levels while addressing various challenges, including competitive wages for the municipal workforce, inflation, supply chain disruptions, and funding for service enhancements, new projects, and equipment.