Dallas Considering Property Tax Increase For Budgets Hit By Coronavirus

NewsRadio 1080 KRLD
May 27, 2020 - 7:15 am

DALLAS (1080 KRLD) - The cost of COVID-19 is impacting city budgets across the country, and today the Dallas City Council will discuss one possible solution, a property tax increase.

Today the Dallas City Council will consider a property tax increase to provide relief for city budgets buckling under the strain of COVID-19 costs.

Dallas City council members will be presented with a potential solution of a tax increase of up to eight percent.

Last year, state lawmakers passed a law requiring voter approval before any increases over 3.5 percent from the previous year, but they wrote in an exception for disasters and other calamities.

The resolution going before the city council today asks the tax assessor to calculate what the tax hike would look like.

The resolution also notes that money from the CARES Act will allow Dallas to cover unanticipated costs associated with COVID-19, but it won’t cover lost revenue.

Online: Dallas City Council