Budget Breakdown FY 2020-2021

"Budget Breakdown" Calculator Graphic

The City Council approved the Fiscal Year 2020-2021 Budget on Monday, August 24, 2020. The City Council adopted a tax rate of $0.569000 per $100 valuation, which is below the voter-approval rate.  This rate is comprised of a maintenance and operation rate of $0.384633 and a debt service rate of $0.184367, each per $100 valuation.

Senate Bill 656 Budget Notice

Have questions or comments on the FY2020-2021 Proposed Budget? Email budget.info@bedfordtx.gov.

Budget_Where the Money Goes 20-21
Budget Highlights

Budget History At A Glance

Preceding Budgets

Total Budget
2017-2018
2018-2019
2019-20202020-2021
Change
$72,113,149
$73,103,484
$78,750,410
$78,997,340
$246,930
0.31%


Property Tax Revenue Budgeted for Maintenance & Operations and Debt Service


2017-2018
2018-2019
2019-2020
2020-2021
Maintenance &Operations
$13,224,006
$14,553,640
$17,064,240
$17,988,533
Debt Service
$5,988,841
$7,753,119
$7,436,968
$7,314,220


Tax Rate for Maintenance & Operations and Debt Service


2018
2019
2020
Maintenance & Operations Rate
0.344135
0.3774090.384633
Interest & Sinking Rate (Debt Service)
0.2177270.1915910.184367
Total0.5618620.5690000.569000

Recent Financial Audits

2019 Comprehensive Annual Financial Report (PDF)

Access a list of Bedford's Comprehensive Annual Financial Reports