City Manager T.C. Broadnax is recommending a $4.51 billion budget for the next fiscal year.
City Manager T.C. Broadnax has released an overview of his proposed $4.5 billion budget and it includes bonuses for police and more money to address homeless encampments.3:02 PM on Aug 5, 2022 CDT
This move comes as the Massachusetts Institute of Technology’s living wage calculator, which the city uses to gauge adequate pay for employees and contractors, indicated earlier this year that a single adult has to earn. It was $15 an hour the year before. But with appraisals rising throughout North Texas, some property owners could still pay more despite the lower rate.
Total property values in Dallas increased 15% since last year, going from $155.9 billion in 2021 to $179.4 billion in 2022. Of the $23.5 billion difference, $3.3 billion is from new construction and the rest from reappraisals, according to the city.
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