The Finance Department is responsible for preparing the City's budget. The Finance Department develops the budget by working with the Mayor, City Council, City Administrator, and department heads to determine the most efficient and effective distribution of funds manner to meet City priorities. The budget is approved and adopted by the City Council. The City's fiscal year runs from October 1 to September 30.
Budget Regulations & Policies
The adopted budget and any adopted amended budgets for any given fiscal year are provided by the Finance Department to ensure transparency in the distribution and use of City funds. Transparency promotes accountability and provides information for citizens so taxpayers can see exactly where their money is going. The Finance Department makes every effort to ensure the documents and other information presented are accurate, reliable, and current. The adopted budget is subject to revisions through proper amendments approved by the City Council during the course of a given fiscal year.
The Fiscal Year 2016-2017 Original Budget is calculated based on the adopted tax rate of $0.40861 which is comprised of a Maintenance & Operation (M&O) tax rate of $0.332357 per $100 of assessed valuation and an Interest & Sinking (I&S) tax rate of $0.076253 per $100 of assessed valuation.
THE CITY OF DICKINSON ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 3.18 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $12.58.