The University Park city council recently approved the fiscal year 2023 budget, a related ordinance levying the fiscal year 2023 property tax rate, and more.
The total budget of $61,268,885 is 8.8% higher than last year’s $56,301,727 adopted budget.
University Park finance director Tom Tvardzik said the budget will take effect Oct. 1.
The tax rate approved is $0.245975 (24.5975 cents) per $100 of taxable value, which Tvardzik said is 1.84 cents or 6.96% lower than the rate levied for the prior year.
Lastly, as part of the fiscal year 2023 budget, the city council approved a 10% increase in water service fees, a 6% increase in sanitary sewer service fees, a 6% increase in sanitation fees, and a 29% increase in stormwater drainage fees.
“These increases were necessitated by cost passthroughs from our suppliers and service providers, such as the Dallas County-Park Cities Municipal Utility District, city of Dallas water utilities, and city of Garland landfill operations,” Tvardzik said.
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