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The original item was published from 9/14/2020 4:43:12 PM to 10/10/2020 12:00:04 AM.

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Posted on: September 14, 2020

[ARCHIVED] 2021 Budget Approved; Tax Rate Remains $0.295, 20% Homestead Exemption

The Northlake Town Council approved the fiscal year 2021 budget at the September 10, 2020 Town Council Meeting.

Under the adopted budget, Northlake residents will continue to enjoy the Town’s low tax rate of $0.295 per $100 and an increased homestead exemption from 5 percent to the state maximum of 20 percent.

Northlake Mayor David Rettig said revenue from the Town’s growing commercial tax base and recent development will offset the loss of revenue from the increased homestead exemption, allowing the Town to meet the growing demand for services while providing relief to the residential property tax base.

“The Town has maintained one of the lowest tax rates in Denton County for over 20 years,” Rettig said. “This budget allows the Town to responsibly manage growth, maintain the existing tax rate and extend the homestead exemption to 20 percent. Current and future residents will benefit from improvements to Town infrastructure and service levels without any added cost on their property tax bill.”

The Town’s goal of ensuring sustainable development through strategic planning is reflected in the adopted budget with planned improvements to Town infrastructure, increased public safety staff and a self-sustaining water system. In 2021, residents can expect to see improvements to Florance Road between Strader Road and Yarborough Road, and Faught Road from Old Justin Road to Robson Ranch Road. The 2021 budget also allocates funds to improvements on Old Justin Road, road failures within Canyon Falls and the redesign of the intersection of FM 407 and Cleveland Gibbs.

The 2021 budget also allocates funds for increased staffing levels in the police, public works and administration departments. The police department will receive funding for three new positions; the addition of one detective and two additional patrol officers will allow the department to increase police presence throughout the Town. Public works will also receive three new positions to meet the growing demand for infrastructure maintenance. Finally, a management analyst will join the administration department to assist with the Town’s annual audit, development agreements and capital project tracking.

As the Town’s population continues to grow, so too does the demand for water service. The construction of two elevated storage tanks and one ground storage tank totaling 2.5 million gallons of water storage will allow the Town to provide safe, reliable water service and adequate pressure to each customer for years to come. The 2021 budget also allocates funds to the construction of fire protection lines along Schober and Bingham Roads as an increased safety measure for those residents.

“Despite an uncertain economic environment in 2020, Northlake has remained one of the fastest growing communities in Texas,” Rettig said. “It is my intention as Mayor of Northlake to ensure that the Town continues to leverage that growth for the benefit of its residents for years to come.”

Click here to view the 2021 Budget Breakdown infographic.

Budget Breakdown Infographic-01

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