(WBAP/KLIF) – DALLAS, TX – On Friday, the Dallas City Manager presented a balanced budget which totals $5.2 billion dollars, which is an increase from this year’s $4.97 billion dollar budget. However, city officials faced significant challenges preparing the budget since Dallas is facing lower-than-expected sales tax revenue, an increase in home appraisal appeals, and a voter-approved mandate to hire hundreds of new police officers. Despite these hurdles the budget includes a pay raise for police officers, reduces the property tax rate by half a cent, and increases the property tax exemption for disabled residents and seniors aged 65 and older to $175,000.
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