FY 2023 Budget & 2022 Tax Rate
The City of West University Place Charter requires that the City Manager prepare and submit annually to City Council a budget. In late spring each year, the city kicks off this annual budget process to determine the needs of the city. Departments submit their requests in early July and review them with the City Manager in early August. The proposed budget goes to City Council for presentation, public hearing, and voting in August/September for use in the next fiscal year (FY). Once adopted, the budget takes effect on the first day of the City’s FY which begins January 1st and ends December 31st.
At its September 26 regular meeting, the City of West University Place City Council ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 3.5 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-1.13.
The Budget at a Glance provides residents a simple overview of how the City's budget operates, a clear understanding of what your tax dollars go to, and initiatives taking place in 2023.
On September 26, 2022, City Council adopted the Fiscal Year 2023 City Manager's Proposed Budget.
FY 2022 Budget & 2021 Tax Rate
The Budget at a Glance provides residents a simple overview of how the City's budget operates, a clear understanding of what your tax dollars go to, and initiatives taking place in 2022.
FY 2022 Budget at a Glance
On September 27, 2021, City Council adopted the Fiscal Year 2022 City Manager's Proposed Budget.
Tax Rate Information
On September 26, 2022, City Council will adopt the 2022 tax rate.
- 2021 Adopted Tax Rate: $0.278522
- July - Departments submit budget requests for the next fiscal year to Finance Department
- Early August - Finance Department and City Manager meet to review budget submissions
- Late August - The proposed budget is created
- Early September - Staff meet with City Council for a budget workshop
- Late September - Council adopts the next fiscal year budget
Property tax rates are comprised of two components - the City's debt service rate, and the maintenance and operation rate (M&O). M&O is calculated by what it costs the city to operate services such as Police and Fire protection, staff costs, etc. The City's debt service rate is calculated by the amount of financing needed to fund major capital projects. These two calculations combined set the property tax rate.