![]() ![]() Texas cities issue debt to fund a variety of purposes, including infrastructure projects, public utilities, sports facilities and performing arts venues, etc. By Juan Pablo Garnham, The Texas Tribune JGrappling with budget shortfalls, Texas cities prepare for hard choices was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans and engages with them about public policy, politics, government and statewide issues. Plano follows the budget and finance best practice guidelines of two national organizations: The Government Finance Officers Association (GFOA) and the National Advisory Council on State and Local Budgeting (NACSLB). That’s why we developed our Guide to Understanding Annual Comprehensive Financial Reports (ACFRs). Visit our Transparency Stars page to learn more about the program.Įven when they’re available online, deciphering city financial reports can be a challenge. The Comptroller recognizes cities demonstrating exemplary local transparency achievements through its Transparency Stars program. Many of Texas’ cities post their budgets, annual reports and detailed spending information online. The Georgia Department of Community Affairs maintains a list of fiscal years for all active governments in the state. Texas cities can levy both local property and sales taxes to fund police and fire departments, hospitals, libraries, parks, utilities, economic development and other public services. The Police Chief and Fire Chief submit applications for Sales Tax Funding to the City Manager by the date specified in the Citys annual budget calendar. The Budget Process: The Fiscal Year and Budget Calendar Every city operates on a fiscal year, an official 12-month period which typically begins on January 1, July 1, October 1, or other period as established by the governing body. ![]() ![]() They range in size from Houston, with more than 2.3 million residents, to over 400 towns with populations of fewer than 1,000. Proposed FY 2022-2023 Operating Budget (PDF) Proposed FY 2021-2022 Operating Budget. Texas has more than 1,200 incorporated cities. ![]()
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