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Beaumont Texas Form 1120-ND: What You Should Know

This Budget was initiated by the City Council. On July 14th, 2017, the City Council unanimously adopted this budget. This is a City budget and is subject to approval by the Mayor and the City Council. Please read this City's proposed 2023 Annual Operating Budget. The budget for FY2015 and last year was adopted on December 31, 2014. If you would like a copy of the annual operating budget, please contact the City Clerk or Financial Coordinator at. The City's proposed 2023 Annual Operating Budget is based on the City budget adopted during the 2023 fiscal year. If you would like a copy of the City's proposed 2023 Annual Operating Budget, please contact the City Clerk or Financial Coordinator at. The City's proposed 2023 Annual Operating Budget is based on the City budget adopted in the 2023 fiscal year. If you would like a copy of the City's proposed 2023 Annual Operating Budget, please contact the City Clerk or Financial Coordinator at. The City's proposed 2023 Annual Operating Budget was adopted in 2013. If you would like a copy of the City's proposed 2023 Annual Operating Budget, please contact the City Clerk or Financial Coordinator at. The City's proposed 2023 Annual Operating Budget was adopted in 2011. If you would like a copy of the City's proposed 2023 Annual Operating Budget, please contact the City Clerk or Financial Coordinator at. The City Budget adopted in 2023 is based on the City budget adopted in 2008. If you would like a copy of the City's proposed 2023 Annual Operating Budget, please contact the City Clerk or Financial Coordinator at. We recognize that the City of Beaumont is facing an increasingly challenging budget situation, especially as a result of a significant increase in the costs of public services including: personnel in the City; legal counsel for municipal government; payroll for municipal employees generally; and payments for municipal operations including utilities, public works, municipal employee health and safety; as well as a dramatic reduction in revenue derived from property taxes and other tax sources. In addition, the City is facing a serious decline in property value in terms of assessed values, with projected declines in property valuations of about 40-70 percent over the next decade. The City's current budget cannot be sustained without an appropriate increase in revenues.

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