On Wednesday, Dallas Mayor Eric L. Johnson and the City Council unanimously approved the Fiscal Year 2024-2025 city budget, highlighting significant reductions and investments for the city.
“I am pleased to support a city budget that includes an historic property tax rate reduction for Dallas residents while prioritizing public safety, investing in parks, focusing on basic city services, and increasing government efficiency,” said Mayor Johnson. “With this data-driven budget, we can begin getting back to basics and building a better future for this great city.”
The new budget features the largest single-year property tax rate reduction in Dallas history, cutting the rate by 3.10¢ to 70.47¢ per $100 valuation, marking a 4.2% decrease. It prioritizes public safety with an additional $78.6 million for the Dallas Police Department and Dallas Fire-Rescue, alongside $202.5 million allocated to the Dallas Police and Fire Pension Fund.
The budget also allocates $48 million for park maintenance, including $1 million for new parks, trails, and facilities. It aims to enhance core city services and streamline operations by eliminating redundancies.
The new fiscal year starts on October 1, 2024, and runs through September 30, 2025.
