Stay tuned for budget planning meetings early in 2024!
The District of Houston released a budget survey between October 6, 2023 - October 31, 2023.
Click here to see the 2024 Budget Survey Results Summary
Financial budgeting is a planning tool that enhances local government accountability and service delivery, and sets out their legal expenditure authority. The legislation establishes requirements and deadlines for the adoption of financial plans, and a local government may amend its plan during the year for unexpected expenditures.
Local governments must annually adopt a financial plan in accordance with the Local Government Act and the Community Charter. The planning period for the financial plan must include the current fiscal year and the next four fiscal years (five-year plan). At a minimum, the plan must include:
A local government must not budget for a deficit (planned expenditures and transfers to funds cannot exceed planned revenues, transfers from funds, and other cash contributions). However, if actual expenditures and net transfers from the previous year exceed that year's revenues and contributions, the resulting deficiency must be carried forward to the current year's financial plan as an expenditure.
Municipalities must adopt their financial plans before they adopt their annual tax rate bylaws (which must be adopted before May 15 each year).
The District welcomes budget feedback from the community at all times throughout the year. To get involved with the budget planning process you can:
Submit your feedback to: firstname.lastname@example.org
Check back in January for 2024-2028 documents.