Budget Finance Quick Scoops

Public Hearings set for the remainder of Sugar Land’s FY23 budget season

Earlier this summer, City Manager Mike Goodrum submitted the proposed fiscal year (FY) 2023 budget, which begins Oct. 1. The proposed budget balances economic uncertainties and new opportunities to provide our community with exceptional value, confidence and transparency, and heavily focuses on public safety, our championship workforce, infrastructure and continued implementation of voter-approved projects that address community priorities like drainage, mobility, and public safety.

A tax rate of $0.346500 per $100 valuation has been proposed by the governing body of City of Sugar Land for this year’s tax rate:

TypeRate per $100Explanation
This Year’s Tax Rate (2022)$0.3465002022 Proposed Tax Rate
Preceding Year’s Tax Rate (2021)$0.3465002021 Adopted Tax Rate
No New Revenue Tax Rate$ 0.318287Tax rate that generates the same revenue as the 2021 tax rate
Voter Approval Tax Rate$ 0.359778Tax rate that cannot be exceeded without voter approval

The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount of property tax revenue for City of Sugar Land from the same properties in both the 2021 tax year and the 2022 tax year.

Throughout the month of August, The City Council took an in-depth look at the proposed budget during a series of public budget workshops throughout the month of August. Missed out on participating? Don’t worry, we’ve included the links to each workshop below:

  1. General Fund: https://vimeo.com/743459132/21edcdfe71
  2. CIP/Debt Service: https://vimeo.com/743466380/047ff903b9
  3. Compensation/Benefits/Other Funds: https://vimeo.com/743458842/61315ecd7a
  4. Enterprise Funds: https://vimeo.com/744284420/d15e6db45b

If you’d still like to get involved in the FY23 budget process, be sure to join us on these dates throughout the month of September:

📍Public Hearing on FY23 Proposed Budget — September 6 at 5:30 p.m.

📍Public Hearing on 2022 Proposed Tax Rate (see table above) — September 13 at 5:30 p.m.

📍Adopt FY23 Budget and 2022 Tax Rate — September 20 at 5:30 p.m.

For more info, head over to www.sugarlandtx.gov/Budget

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