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.
Neighborhood Spotlight
Park Cities
Where the Park Cities Stay Connected.
For more information, click here.
