Lewisville City Council on Sept. 25 signed off on general fund expenditures totaling $93 million, which is down 7% from what the city budgeted at the outset of 2019-20 fiscal year. Still, that number remains higher than what the city actually ended up spending over the past year, as it slashed department budgets and offered retirement incentive packages to some employees in the early days of the pandemic.
The city's tax rate of $0.443301 per $100 valuation will remain unchanged from the previous year.
Lewisville had already taken action to cut personnel costs, declining to fill vacant positions earlier this year and offering some longtime employees an incentive to retire early. Nearly two dozen employees took that retirement incentive option, Barron told council members Aug. 17.
The budget cuts also included reductions to library hours, neighborhood programs and prominent community events amid the uncertain economic climate.