Proposed Budget Breakdown FY 2022-2023

The Proposed budget for FY 2022-2023 can be viewed online. The City Council will review the proposed budget during the Budget Work Session on Wednesday, August 10 at 5 p.m. The tax rate used to calculate revenue for the proposed budget is $0.495726 per $100 valuation.

The City Council has called a public hearing on the FY 2022-2023 Budget and 2022 Tax Rate for Tuesday, September 6, 2022 at 6:00 p.m.  The notice for the Budget Public Hearing can be found here.  The Notice of the Meeting to Vote on the Tax Rate can be viewed here.

The tax rate proposed by staff to fund the FY 2022-2023 proposed budget is 0.495726 per $100 valuation.

NO-NEW-REVENUE TAX RATE: $ 0.507583 per $100

VOTER-APPROVAL TAX RATE: $ 0.495726 per $100

The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount of property tax revenue for the City of Bedford from the same properties in both the 2021 tax year and the 2022 tax year.

The voter-approval tax rate is the highest tax rate that the City of Bedford may adopt without holding an election to seek voter approval of the rate.

For assistance with tax calculations, please contact the tax assessor for the City of Bedford via email, at 817-884-1100, or visit the Tarrant County website for more information.

The City of Bedford also has a tool that can estimate what you pay in property and sales taxes and breaks it down by the services provided by the City. Visit the Taxpayer Receipt to enter information about your specific property and purchases with the City to find your estimate.

Program of Services

Have questions or comments on the FY 2022-2023 Budget? Please email budget.info@bedfordtx.gov.

photo of a dollar bill that explains "Where the Money Goes" for FY 2022-2023
chart explaining Budget Highlights for FY 2022-2023

Preceding Budgets

  2019-2020
(Amended)
2020-2021
(Amended)
2021-2022
(Amended)
2022-2023 
(Proposed)
Change
Total Budget $76,672,780 $80,046,708 $81,534,188 $85,097,305 ($6,436,883)
-7.03%

Property Tax Revenue Budgeted for Maintenance & Operations and Debt Service

  2019-2020 2020-2021 2021-2022 2022-2023
Maintenance & Operations $17,064,240 $17,968,533 $18,820,790 $20,239,240
Debt Service $7,436,968 $7,286,720 $7,798,320 $6,662,760

Tax Rate for Maintenance & Operations and Debt Service

  2020 2021 2022 
(Proposed)
Maintenance & Operations Rate 0.384633 0.386990 0.367497
Interest and Sinking Rate (Debt Service) 0.184367 0.165010 0.128229
Total 0.569000 0.552000 0.495726

Recent Financial Audits

View a list of previous Bedford Comprehensive Annual Financial Reports.