Fiscal Responsibility

Message from the Mayor

 

Mayor Annise Parker

 

My administration has five priorities:

 

• Jobs and sustainable development

• Public safety

• Infrastructure

• Quality of life and

• Fiscal responsibility

 

This web page will provide a detailed look at the progress we’ve made, and will continue to make, in the area of fiscal responsibility.

 

When I arrived in the mayor’s office, the city was facing a $205 million gap between anticipated spending and available revenues.  Closing this gap dominated my first term two years in office.  In my second term, there is more work to be done, but the progress to date is evident in our current City budget:  a budget that does not include service cuts, layoffs, furloughs or the use of long-term debt to cover day-to-day expenses.

 

Houston’s economy is doing much better than it was a year ago.  Our job growth continues to be the envy of the rest of the nation, property values are improving and consumer spending is on the rise.  Challenges remain, but we will continue to meet them head on with firm fiscal stewardship.


Our Budget

 

 


Economic Development

 

By the end of 2013, the City of Houston recorded more than $4 billion of new economic investment, resulting in more than 19,000 created or retained jobs.

 


Pension Update

 


American Recovery and Reinvestment Act of 2009

 


An Overview of Grant Awards to City of Houston

 

The City of Houston recognizes the significant impact that federal, state and private grant programs have in providing vital public services and improving the quality of life of every Houstonian. Over the years, the City has been able to fund important public improvement projects, promoted neighborhood revitalization, supported sustainability initiatives, enhanced public safety, and provided numerous other programs and services that would have been impossible to pay for without grant funds. Further, as more and more citizens struggle in the current economic climate, government assistance—particularly grants—will provide an increasingly important safety net for our most vulnerable citizens ...

 

Long Range Financial Mgmt Task Force

 

In 2011, Houston City Council created a 16-member Long-Range Financial Management Task Force to develop alternatives for protecting the City’s financial health for the next 30 years.  The panel reviewed health care costs, pension obligations and debt.  Click below to see the presentations to the group:

 

Accounts Receivable & Collections

 

Updates below are .pdf unless otherwise indicated

 

Tax Collections

 

The following are the governmental taxes that the City of Houston collects:

 

  • Property Taxes City's current rate is $0.63875 / per $100 taxable value
  • Sales Taxes Total state and local tax rate is 8.25%.
    • Composition of the total tax rate is as below:
      • State collects 6.25%,
      • METRO (Transit) collects 1% and
      • City collects 1%
  • Hotel Occupancy Taxes Total state and local tax rate is 17%
    • Composition of the total tax rate is as below:
      • State collects 6%;
      • County collects 2%,
      • Houston-Harris County Sports Authority collects 2% and City collects 7%
  • Mixed Beverage Taxes State tax rate is 14% on the mixed beverage sales
    • City collects 10.7143% of the total amount paid for any businesses located within the City.
  • Bingo Taxes State tax rate is 5% of the amount or value of all bingo prizes awarded City collects 2.5% of the prizes won

Help the City Save Money

 

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eVendor Disbursement

 

The Controller's Office is responsible for Houston's cash disbursements. City Controller Ronald C. Green has made these daily payment records available to increase office transparency and show the nature of payments made by the City. If you are a City supplier or have questions about the nature of a specific payment, please contact the Department you are currently working with. For additional information on specific payments please contact our City Vendor Liaison. The data contained on this website is for informational purposes only.