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Budget

City of Brownsville FY 2015 Adopted Budget

original file: 2015 Adopted Budget (PDF)
Brownsville

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What is this?

The City of Brownsville’s FY 2015 adopted budget, approved on September 15 2014, outlines a total General Fund budget of $96.19 million balanced with a property tax rate of $0.700613 per $100 valuation. Revenues rise mainly from a 3.02% ($1.20 million) property‑tax increase and a 4.27% ($1.10 million) sales‑tax increase, while expenditures fall about 5.9% ($5.76 million) due to lower overtime, reduced workers‑comp costs and a cut in retirement contributions. The budget also shows $143.2 million of debt secured by property taxes and projects an unassigned fund balance of $11.76 million (12.23% of expenditures).

Key figures

Property tax revenue increase $1,199,916 (3.02%)
Total debt secured by property taxes $143,203,612
General Fund total budget (revenues and expenditures) $96,187,167
Projected unassigned fund balance at end of FY 2014 $11,761,630 (12.23% of expenditures)
Sales tax revenue increase $1,102,800 (4.27%)
Total budget expenditures FY 2015 $92,411,218 (5.92% decrease vs FY 2014)
Savings from overtime and workers‑comp reductions $721,806 ($541,834 + $179,972)
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