This budget highlights $30M for streets to be allocated in annual portions beginning in the 2017-2018 budget. Why aren't we starting this in this 2016-2017 ... (continued below)
Q: This budget highlights $30M for streets to be allocated in annual portions beginning in the 2017-2018 budget. Why aren't we starting this in this 2016-2017 budget? Do the statements in this budget about the street allocation in the 2017-2018 budget bind the City Council to actually do this in future years budgets? Where will the money come from to fund the $30M commitment for streets?



A: There is not capacity for additional street bonds in the FY 2016-17 proposed bond sale. The Council is not required to issue the additional $7.5 million in bonds annually for streets from FY 2017-18 through FY 2021-22; it is a decision that will be made each budget year. The total of $37.5 million in bonds over the five years following FY 2016-17 that staff is proposing for streets will be funded within the existing tax rate.



Growth in taxable values has created additional capacity to issue bonds and is projected to continue to create additional capacity. In prior years’ projections, the rate of growth had been estimated at 2 percent. Based on recent trends and future developments, the growth rate was changed to 3 percent. This provided increased capacity for the additional street bonds without increasing the tax rate allocated to debt service. If conditions change, City Council may change the proposed plan.

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1. Can you please explain the statement at the top of the cover page? It says property tax revenue in this budget is $3M lower than last year however the budget shows property ... (continued below)
2. The full cost of salaries and benefits is budgeted at 100 percent. In the past we have budgeted less than 100 percent based on our actual experience each year with ... (continued below)
3. This budget highlights $30M for streets to be allocated in annual portions beginning in the 2017-2018 budget. Why aren't we starting this in this 2016-2017 ... (continued below)
4. Why was our bond rating for water and sewer bonds downgraded by Moody's?
5. Is the $500K budget allocation for an "innovations center" and the $1M allocation for an "entrepreneurial center" applying to the same project?
6. There is $515K budgeted for a golf tournament and a tennis tournament. $215K is budgeted to be recovered meaning we will spend a net $300K for ... (continued below)
7. What is the Heritage Crossing project budgeted for $940K?
8. What makes up the Land and Other Capital costs in the Economic Development fund?
9. What is the "CEO for Cities" program mentioned in many department budgets? Combining all the budgeted items, what is the total cost for this item?
10. The budget mentions a need for dedicated funding for economic development. Why did the City transfer $13M from the ED fund into the General Fund in the ... (continued below)
11. How do our development fees compare to McKinney, Frisco, Southlake, Flower Mound and Plano? Should we increase our commercial development fees because of our diminishing ... (continued below)
12. It appears general fund spending in this budget is increasing by $18M. Am I reading that right?
13. How was the payment to Comerica Bank funded that paid off the Heritage Crossing debt? Were there bonds sold to do that? Were the bonds sold as water ... (continued below)
14. How much of the 19 percent increase in the sewer rates can be attributed to increased charges from the Trinity River Authority (TRA)? Is there documentation of that somewhere for the public?
15. Residential property values have risen this year in Irving by 6.9 percent. If I have the average valued home, does that mean if the Council maintains the current rate ... (continued below)
16. The budget mentions the new housing developments in North Irving as the reason for the need for new trash routes, more equipment and staff for ... (continued below)