Fiscal Year 2021-2022 Budget
Each year, the Coppell City Council works diligently to ensure that Coppell maintains its high-quality services while also respecting residents' pocketbooks. The City takes pride in its conservative approach to fiscal responsibility and transparency, and continuously receives accolades from outside agencies regarding its financial strategy and prudent budgeting practices. A strong history of effective financial planning has allowed the City of Coppell to respond to both planned and unanticipated impacts with minimal disruption to high-quality services and quality-of-life programs.
- The City’s FY 2021-2022 property tax rate is $0.5800 per $100 valuation, which is the same rate adopted in FY 2021.
- Budgeted revenues total approximately $119 million for all funds, a decrease of 0.04% from the previous fiscal year.
- Sales tax is projected to decrease by 55% from the prior year’s amended budget as a result of the significant impact of the State Comptroller’s sales tax rule.
- Budgeted expenditures total approximately $119 million for all funds, an increase of 3.07% from the previous fiscal year’s adopted budget.
- The budget includes general fund expenditures of approximately $63 million.
- Projects include:
- Replacement of computer equipment in the Fire fleet to help ensure high-quality service delivery while maintaining the ISO-1 rating that helps keep homeowner insurance premiums down
- Expanded operating hours at the library and The CORE to better serve patrons
- Addition of pedestrian safety crosswalks and scheduled facility and streets maintenance projects to keep Coppell safe, walkable and clean
The budget process starts with the Coppell community! City staff uses input from residents and businesses to inform proposed projects and programs. As part of the annual budget process, City Council holds numerous public workshops, and residents are encouraged to get involved, attend, and provide feedback! Have a question or comment? Let us know!
Response to COVID-19
The City began planning for the loss of sales tax revenue as a result of Rule 3.334, which has to do with the allocation of sales tax revenue in the State of Texas, when it was proposed by the Texas Comptroller of Public Accounts in December 2019. While planning for the impact of Rule 3.334 in late 2019, City departments analyzed their budgeted line by line to identify expenditure reductions. The City also immediately instituted a hiring freeze and capital reductions. In total, the City was able to identify approximately $5.6 million in expenditure reductions. Thus, the City had identified and implemented reductions to expenditures prior to the COVID-19 pandemic.
Further, the City analyzed existing fund balances to determine the best strategy to mitigate the impact of the expected remaining revenue loss. The City identified two fund balances that will be used to cover the revenue reduction that cannot be accounted for through reduced expenditures: funds that City Council had previously set aside in the City's designated fund balance for use should an issue arise, and a designation that Council had previously set up to be used in case of revenue threats. Transfers from the Water/Sewer Fund and allocations from other fund balances are also being used to mitigate revenue reductions.
As a result of early planning, the City of Coppell was able to account for 99% of the expected $9.2 million revenue loss due to the pandemic through expenditure reductions and fund balance reallocations. The City was also able to maintain continuity of government without drastic changes to necessary staffing levels or further reductions to capital improvement projects.