Financials

The City of Kress strives to provide accurate financial data to the community for full financial transparency. Presented are the citie's FY Budgets and Bank Statements. The city budgets are presented, re-evaluated and voted on annually following Local Government Code § Chapter 102 MUNICIPAL BUDGET. Proposed Budget documents reflect the financial plan to be presented for the next fiscal year. The Final Budget includes the proposed budget, changes made for budget, and purchase order carryovers. The City Council holds public meetings to present FY Budget annually for the residents of Kress to attend. All financials are posted and can be requested through open records request.

City Council Public Meetings            Open Records Request 

The City's budget includes:

  • Accounts Payable
  • Taxes & Rates
  • Revenues & Expenses
  • Debts
  • Payroll
  • Utility Billing and Collections
  • Administration Department
  • Water Department spending and collections

Tax Rate for 2024-25

Tax rate decrease of $0.3859 on each $100.00 taxable valuation of property. The rate is 11.3893 percent less than the no-new tax rate of $0.4355per $100.00 taxable valuation of property, and 3.8615 percent less than the voter approved tax rate of $0.4014per $100.00 taxable valuation of property

 

City Budgets by Fiscal Year

The City of Kress strives to provide accurate financial data to the community as a commitment to our residents for financial transparency. Presented in these statements are transactions, debits, credits, & deposits. Sensitive information has been redacted for security reasons. Some statements may contain more or less information based on how documents are presented and how it was reported by financial institutions. 

Transparency promotes accountability and provides information to the citizens of Kress about their local government. Residents should stay informed and gain knowledge about how the City of Kress operates, city revenue sources and amounts, city spending and debts. This helps to ensure that funds are spent efficiently and decisions are made openly on record. Our citizens are encourage to attend Public City Council Meetings, review all policies, budgets, agendas, and ordinances. For more information please visit city hall during normal business hours or use the online contact form.

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