On Tuesday, Houston Mayor Annise Parker unveiled a $4.54 billion proposed total city budget for the fiscal year that begins July 1, 2012. The General Fund or what is known as the tax supported portion of the budget, is $2.08 billion.
The mayor’s budget proposal does not include a property tax increase. It does maintain a sustainable focus on jobs, city development, public safety, infrastructure, quality of life and fiscal responsibility.
The mayor’s budget plan further maintains the existing property tax rate of 63.875 cents per $100 of taxable value. There are no new fees nor rely on any major land sales. The budget, which can also be described as a flat budget that allows funding levels for all departments; the exception is contractual increases for pensions as well as increases in health benefits, fuel, electricity and IT or information technology costs.