Dallas’ plans for the upcoming fiscal year include more money for police, environmental sustainability measures and raising the minimum wage to $18 for city employees.
Driving the news: The city released the budget plan over the weekend and plans to formally present it to city council on Tuesday.
The big picture: City leaders estimate they have $4.5 billion to spend in 2022-23. The city’s general fund for the new fiscal year is expected to bring in $172 million more than the current year.
Details: The budget proposal 2022-2023 includes plans to start the new $2 billion convention center project, which would replace the existing Kay Bailey Hutchison Convention Center – despite criticism that the move is a “land grabbing” for local developers.
- Public safety makes up 60% of Dallas’ general fund under the proposed budget, and the city’s police and fire departments would receive millions more dollars than the current year.
To note : Dallas plans to add a referendum to the Nov. 8 ballot, asking voters to approve collecting an additional 2% hotel tax for 30 years to help pay for the convention center.
- If the referendum is approved, the city will begin the hiring process for project management and design. Construction would begin in 2024.
Reality check: Property values will likely rise in the coming year – as they have in recent years – and could lead to higher property taxes for some people.
Enlarge: Raising the minimum wage for city employees from $15.50 to $18 an hour will begin next January to help address the rising cost of living in North Texas.