This budget will raise less revenue from property taxes than last year's budget by an amount of $-l, 195,022, which is a -2.28 percent decrease from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $544,724
Budget for Fiscal Year 2012-2013
The City of Waco Fiscal Year 2012-13 Budget was adopted by the City Council in August 2012. The budget is the culmination of a process that began in January 2012.
The budget was developed by staff members in each department, reviewed by the executive team, and presented to the City Council.
Our budget document is developed to take on a number of roles.
- Policy Document - As the spending plan for the City, the budget implements the policy issues that are decided by the Council. The budget is the single most comprehensive repository of council information that is produced on an annual basis. Such things as capital projects, salary issues, traffic signals, and contingency accounts are implemented through spending programmed in the budget
- Financial Plan - The budget lays out revenues anticipated and expenditures programmed for each fund and each department in the city. This is the traditional role of budgets. The City Charter specifies that the appropriations are made by ordinance passed by the City Council.
- Operations Guide - The budget document contains department missions, staffing tables, narratives, and highlights that describe the scope of operations. In this sense, the budget not only contains appropriated funds, but also describes services to be provided and staffing to accomplish department missions.
- Communication Device - The budget document contains several devices designed to communicate its contents readily. Primary among them is the Budget in Brief, a letter from City Manager Larry D. Groth, P.E. to the City Council that describes the priorities of the budget. Also included is a complete table of contents, a glossary, and a complete fee schedule.
The budget document is available for a nominal charge at City Hall for anyone who would like a copy. The Budget in Brief and the Operating and Capital Improvement Budgets are available online through the links above.
We are proud that our budgets have received the Distinguished Budget Presentation Award from the Government Finance Officers Association of the United States and Canada for the last twenty years. This award represents the highest achievement in governmental budgeting.