Allen City Council will conduct two public hearings on the proposed Fiscal Year 2014-2015 City of Allen Annual Budget. The public hearings will be part of the regular Council meetings on Tuesday, August 12 and Tuesday, August 26 that begin at 7 p.m. in the Council Chambers of the Allen City Hall, 305 Century Parkway, Allen, Texas.
This budget will raise more total property taxes than last year’s budget by $4,341,133 or 9.43%, and of that amount $1,128,779 is tax revenue from new property added to the tax roll this year.
The fiscal year 2013-2014 budget which runs from October 1, 2013 through September 30, 2014 is balanced, addresses City Council’s strategic goals, and follows the fundamentals of the City's financial management policies. For detailed information, see the annual budget. Please see the archive center for budgets from previous years.
Tax Increment Refinancing Zones
Section 311.016 of the Texas Tax Code requires the City to provide an annual report to the State Comptroller, the Public Finance Division in the Office of the Attorney General, and to the CEO of each taxing entity that levies taxes on property within a Tax Increment Refinancing Zone. Annual reports are available to review for TIF #1 and TIF #2.