The 2023 budget was prepared using the six goals outlined in the 2021-2025 Service and Improvement Plan and is similar in scope to the budgets adopted for 2021 and 2022 with the exception that the District has had to address the shortfall in projected revenues. Assessment revenues for operating expenditures were $2.5 million behind in 2021 and are projected to be behind for 2022 by $3.3 million due to lower HCAD values because of property protests. On November 8, 2022, the District board approved a 1 cent increase to the rate for 2022 assessments, 12.75 cents per $100 of assessed value, with a split of 11.75 cents to operating expenditures and 1 cent to capital improvements.
Kris Larson, President, and CEO will conduct a virtual townhall to go over the 2023 budget on November 30 at 12 p.m. and will respond to any questions at that time.
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