DALLAS (WBAP/KLIF)- The Dallas City council decides not to look at a property tax hike.
The resolution would have asked the county to calculate how much revenue Dallas would get from new appraisals if property taxes were increased by 8%.
Dallas faces a major budget shortfall in this pandemic since sales tax revenues are down.
On Wednesday The City Council unanimously approved Mayor Eric Johnson’s “Dallas First” procurement resolution, in light of the economic effects of the COVID-19 economic restrictions.
The resolution directs the city manager to create a program aimed at maximizing economic return in the City’s procurement of goods and services. The program may include, but is not limited to, giving preference to prospective contractors for employing Dallas residents, for producing goods and services in the city, for having operations based in Dallas, or for participating in other activities that create an economic benefit for Dallas residents or increase the Citys tax revenues.
“I proposed this program to help keep Dallas taxpayers’ money in Dallas and to stimulate our local economy, which has been hit hard by COVID-19,” Mayor Johnson said. “Dallas will bounce back from this pandemic, but it will take a concerted effort from the government and the private sector. Dallas First will help in that process and will provide a much-needed boost to our local businesses.”
