City Budget Deficit Just Got a Bit Smaller As Property Values Drop Less Than Projection
Dallas City Manager Mary Suhm informed city council members in a missive today that projected property tax values increased by approximately $9 million after certified tax rolls from Dallas and Denton counties and updates of tax roll data from Collin and Rockwall counties showed a 3.5 percent decline compared to the city's 5 percent projection.
Suhm admits that the nine million bucks will be helpful in whittling down the remaining $38 million her office is "struggling" to cut as part of the city's $190 million budget shortfall, but she says other revenue sources are forecasted to continue to decline "well into next year."
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Dallas, delivered to your inbox Monday through Friday.