FY2024 Adopted Budget

2023 Tax Rate

A tax rate of $0.672500 per $100 valuation has been adopted by the governing body of the City of Fort Worth. The City of Fort Worth 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 2.23% and will raise taxes for maintenance and operations on a $100,000 home by approximately $11.43.

City Council Record Vote

The members of the governing body voted on the adoption of the budget as follows:

FOR:  Mayor Mattie Parker, Councilmembers Carlos Flores, Michael Crain, Gyna Bivens, Jared Williams, Macy Hill, Chris Nettles, Elizabeth M. Beck and Jeanette Martinez

AGAINST:  Councilmembers Charles Lauersdorf and Alan Blaylock

PRESENT and not voting: None

ABSENT: None

Municipal Property Tax Rates

The municipal property tax rates for the preceding fiscal year, and each municipal property tax rate that has been adopted or calculated for the current fiscal year, include:

Municipal Debt Obligations

The total amount of outstanding municipal debt obligations (including principal and interest) secured by property taxes is $1,335,366,771.

This cover page and the information it contains are included with the budget as required by the Texas Local Government Code. A PDF version is available online here(PDF, 114KB).

Budget and Tax Information (Truth in Taxation/Statutory Notices)

• Notice About 2023 Tax Rates(PDF, 236KB)
• Notice of Public Hearing on the Property Tax Rate(PDF, 159KB)
• Notice of Public Hearing on the Proposed Budget(PDF, 98KB)
• Truth in Taxation Submission of 2023 Certified Appraisal Roll and Collection Rate(PDF, 66KB)
• Truth in Taxation Submission of 2023 No-New-Revenue and Voter-Approval Tax Rates(PDF, 91KB)

Budget Responses

• BR-24-001 Peer Tax Rate Comparison(PDF, 221KB)

• BR-24-002 Revised FY2024 Recommended Fee Adjustments with Explanations 9.01(PDF, 322KB)

• BR-24-003 Sales Tax-Trends and Peer City Values(PDF, 178KB)
• BR-24-004 FY24 DSD Budget Response(PDF, 137KB)
• BR-24-005 Medstar Transitional Funding for FY24(PDF, 117KB)
• BR-24-006-FY24 Recommended Authorized Positions(PDF, 118KB)
• BR-24-007 Water Utility FY24 Revenue Requirements(PDF, 138KB)
• BR-24-008 FWLab Implementation(PDF, 866KB)
• BR-24-009 Property Tax Reduction Impact on TIFs(PDF, 231KB)
• BR-24-010 Tarrant County 9-1-1 District Structure Funding and FY24 Budget Approval(PDF, 84KB)
• BR-24-011 Animal Services Resource Allocation(PDF, 483KB)
• BW-11 New Environmental Services Department(PDF, 956KB)
• BR-24-013 Economic Development Initiatives Fund(PDF, 3MB)
• BR-24-014 Cast Iron Pipe Replacement(PDF, 237KB)
• BR-24-015 Minimum Wage Rate and Total Compensation(PDF, 296KB)
• BR-24-016 General Fund Budget to Actuals Trends 2019-2022(PDF, 299KB)
• BR-24-017 Acceleration of Proposed Flood Mitigation Improvements(PDF, 532KB)
• BR-24-018 Peer City Police Expenditures(PDF, 76KB)
• BR-24-019 Budget Response Marshal Pay Review(PDF, 106KB)
• BR-24-020 Water and TPW Departments 50-50 Program(PDF, 101KB)
• BR-24-021 Vacancy Report and Proposed Positions(PDF, 215KB)
• 24-024 Requirements to Open a Small Business(PDF, 189KB)
• 24-025 Budget and Tax Rate Overview(PDF, 183KB)
• 24-022 Entry Level Pay(PDF, 308KB)
• 24-023 Traffic Enforcement(PDF, 104KB)

Thank you for your comments and participation on the City of Fort Worth's FY2024 budget.