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2019 city budget approved

Posted Sept. 19, 2018

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The Fort Worth City Council approved a $1.72 billion operating budget on Sept. 18 that continues to focus on sustainable solutions while also decreasing the property tax rate.

The budget is an increase of 2.51 percent over the fiscal year 2018 adopted budget. The budget includes 82 net new positions.

The recommended budget includes these achievements:

  • Lowers the property tax rate by two cents.
  • Increases cash funding dedicated to capital projects, including funds for street maintenance and repair, funds to improve neighborhood vitality and safety, and additional funds for park maintenance and improvements.
  • Staffs new facilities approved by voters in the 2014 bond program: the Golden Triangle Library in far north, Fire Station 43 in far west and new parks.
  • Makes the city’s employee pension plan more sustainable. The recommended budget includes adding $10.2 million in the General Fund for the pension. That number represents 3 percent of the general fund payroll.
  • Adjusts the 2019 budget by $5.5 million for police budget fixes.
  • Emphasizes priority initiatives such as improving the Las Vegas Trail neighborhood, a disparity study for the Minority Business Enterprise program, implementing the Economic Development Strategic Plan, and increased staffing the for Planning & Development Department.
  • Continues the practice of not using reserves to balance the budget.

Tax rate decrease

The Council lowered Fort Worth’s property tax rate by 2 cents, from 80.5 cents per $100 valuation to 78.5 cents. The reduction is needed to help Fort Worth compete with other cities to attract new businesses.

The owner of a home valued at $221,800 with a homestead exemption will pay $1,393 in city property taxes.

One cent of the tax rate is worth about $6.2 million to the city’s budget.

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Canceled Audit Committee: 1 p.m. July 16, 2019; City Council Conference Room 290, City Hall, 200 Texas St.

Canceled Infrastructure and Transportation Committee: 2 p.m. July 16, 2019; City Council Conference Room 290, City Hall, 200 Texas St.

Canceled City Council Work Session: 3 p.m. July 16, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

How to Form an LLC or Corporation in One Day in Texas: 6:45 p.m. July 16, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Canceled City Council Meeting: 7 p.m. July 16, 2019; City Council Chambers, Second Floor, City Hall, 200 Texas Street.

Commercial Board of Adjustment Work Session: 9 a.m. July 17, 2019; City Coucil Conference Room 290, City Hall, 200 Texas St.
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Commercial Board of Adjustment Public Hearing: 10 a.m. July 17, 2019; City Council Conference Room 290, City Hall, 200 Texas St.
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Toddler's Day Out at Hillside Community Center: 10 a.m. July 17, 2019; Hillside Community Center, 1201 E. Maddox .

Residential Board of Adjustment Work Session: 12:30 p.m. July 17, 2019; City Council Conference Room 290, City Hall, 200 Texas St.
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Resitential Board of Adjustment Public Hearing: 1:30 p.m. July 17, 2019; City Council Conference Room 290, City Hall, 200 Texas St.
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Urban Design Commission Public Hearing: 10 a.m. July 18, 2019; City Council Work Room, 2nd Floor, City Hall, 200 Texas St.
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Community Action Partners (CAP) Council Meeting: 1:30 p.m. July 18, 2019; Fort Worth City Credit Union, 1st Floor Board Room, 2309 Montgomery Street.
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Fort Worth Housing Solutions Board of Commissioners Regular Meeting: 5 p.m. July 18, 2019; FWHS Administrative Office Board Room, 1201 East 13th St.
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National Rev Up Campaign - Lunch and Learn: 11:30 a.m. July 19, 2019; Hazel Harvey Peace Center for Neighborhoods, Room 201 A-B, 818 Missouri Ave.
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Community Engagement Summer Workshop: 9:30 a.m. July 20, 2019; The University of Texas at Arlington Research Institute (UTARI), 7300 Jack Newell Blvd S..
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Christmas in July at Highland Hills Community Center: 10 a.m. July 20, 2019; Highland Hills Community Center, 1600 Glasgow Rd..

Compost 101: 1 p.m. July 20, 2019; Sycamore Community Center, 2525 E Rosedale St.
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Summer Music Series at Forest Park Pool: 6 p.m. July 20, 2019; Forest Park Pool, 2850 Park Place.

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