On Tuesday, City of El Paso officials presented the preliminary budget for Fiscal Year 2022, proposing minimizing the tax rate impact for residents and a decrease in City taxes for seniors and residents with disabilities.
“For the last six years, the City has been proactively working on long-term financial stability by working to align our budget to the Council-approved Strategic Plan and identifying new financial tools and resources to include set-aside funds, a budget stabilization fund and growth of our reserves,” City Manager Tommy Gonzalez said.
“Our future-forward approach has allowed our community to gradually rebound from the challenging economic situation caused by the pandemic, while still being able to address long-term unfunded liabilities such as public safety, streets and public health. We have also been able to maintain a strong bond rating and continue our sales tax growth.”
Officials say the proposed City budget also “responds to the community’s priorities identified during the City’s Chime In Survey process, City Council requests, and other community surveys.”