Lewisville approves smaller city budget for 2020-21 fiscal year while keeping tax rate unchanged

The city of Lewisville has approved its budget for the 2020-21 fiscal year. (Daniel Houston/Community Impact Newspaper)
The city of Lewisville has approved its budget for the 2020-21 fiscal year. (Daniel Houston/Community Impact Newspaper)

The city of Lewisville has approved its budget for the 2020-21 fiscal year. (Daniel Houston/Community Impact Newspaper)

The city of Lewisville approved its budget for the 2020-21 fiscal year that reduces general fund expenditures across the board and saves millions in personnel costs and road projects.

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.
By Daniel Houston
Daniel Houston covers Plano city government, transportation, business and education for Community Impact Newspaper. A Fort Worth native and Baylor University graduate, Daniel reported previously for The Associated Press in Oklahoma City and The Dallas Morning News.


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