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Denton Holds Current Tax Rate Steady, Adjusts Wastewater Rates for Infrastructure Boost

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Denton’s fiscal landscape takes a step forward as the City Council unveils an approved budget for fiscal year 2023-24, seamlessly blending fiscal prudence with the city’s burgeoning needs amidst rapid growth.

Keeping a steady hand on the city’s fiscal pulse, the Council upheld the current tax rate at $0.560682 per $100 valuation. Utility patrons are also set to benefit as there will be no adjustments to rates for electric, water, and solid waste services. The unchanged rates underscore the Council’s adeptness at balancing a growing city’s needs with the community’s economic well-being.

However, an 11% surge in wastewater rates, the first hike in seven years, will take effect to buttress vital infrastructure projects, with the average customer paying less than an extra $3.50 monthly. This prudent move ensures the long-term resilience and efficiency of Denton’s wastewater systems.

The budget accentuates core services such as public safety, underlined by the augmenting of the Police and Fire Departments with additional personnel. The ambassadorial Pilot Program set for downtown Denton emanates the city’s commitment to enhancing its vibrancy and growth. Strengthened customer service for utility services and significant allocations for street improvements paint a picture of a city poised for progress while ensuring quality living for its residents.

As Mayor Hudspeth aptly puts it, “Denton continues to be a city that values progress and community growth. This budget underscores our unswerving commitment to enhancing not just services but the overall experience of our residents.” The Mayor further emphasized the council’s holistic approach, marrying critical infrastructure investment and tax rate management to elevate the community’s quality of life.

A detailed insight into this forward-looking budget is accessible on the official City of Denton website, a gesture of transparency that reflects the council’s commitment to keeping residents informed and engaged in the city’s fiscal and developmental journey.

For a city that has become synonymous with community growth and development, the fiscal year 2023-24 budget isn’t just a financial blueprint but a testament to Denton’s unwavering stride towards a future replete with opportunities, growth, and prosperity.

For additional information on the detailed financial blueprint for FY 2023-24, visit www.cityofdenton.com/financialtransparency.

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