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Learn about Addison, Texas, including Featured News, Key Projects, and The Team.
Unique amenities, innovative developments, nationally acclaimed events, internationally recognized brands, and more restaurants per capita than any city in the U.S., Addison is the destination in North Texas for fast-paced business and world-class fun!
A great place to start a business, start your career or start a family, Addison is DFW’s ideal destination to live, work and play. Designed with entrepreneurial innovation and driven by community spirit, our unique 4.4-square mile urban enclave boasts 180+ restaurants, 22 hotels, upscale living, unique retail shops and more than 12 million square feet of office space.
Addison combines the energy, vibrancy, entertainment and commerce of a large city with small town sensibilities, creating an easy-to-use, friendly and accessible environment. Our progressive growth is engineered to support and promote your personal and professional progress.
Addison's financial policies require the publication of a financial report 60 days subsequent to the end of each fiscal quarter. The financial and investment reports presented to Council at its May 23 meeting covered the financial performance for the second quarter of Fiscal Year 2023 (January 1, 2023 - March 31, 2023). The financial report includes information for the following funds: General, Hotel, Economic Development, Airport, Utility, and Stormwater.
Key highlights for the second quarter include:
The Second Quarter Investment Report adheres to the Town's Investment Policy as adopted by Council and is in keeping with all State laws.
You can watch the Council's quarterly update discussion here, review the presentation here, and read the Financial Report here.
At the May 2023 City Council meeting, CFO Steven Glickman shared with Council the Town's proposed 2023 bond issuance program which includes a total issuance in the amount of $9,500,000. Since 2012, Addison voters have approved several bond programs to fund various projects throughout Town. Once voter approval is secured, the City Council is authorized to issue general obligation bonds to pay for projects.
The proposed 2023 General Obligation Bond issuance totals $5,000,000 and consists of the following:
The proposed 2023 Certificates of Obligation issuance totals $4,500,000 and consists of the following:
With the proposed issuance and accounting for anticipated growth in taxable property values, the Interest and Sinking (I&S) tax rate is estimated to decrease from $0.164740/$100 in Fiscal Year 2023 to $0.162192/$100 in Fiscal Year 2024. The 2019 Bond Committee estimated that for Fiscal Year 2024 the I&S tax rate would be approximately $0.2465/$100, which is almost 52% higher than the current estimate for Fiscal Year 2024.
You can watch Council's 2023 Bond Issuance Program here and read the presentation here.
Addison's financial policies require the publication of a financial report 60 days subsequent to the end of each fiscal quarter. The financial and investment reports presented to Council at its February 28 meeting covered the financial performance for the first quarter of Fiscal Year 2023 (October 1, 2022 - December 31, 2022). The financial report includes information for the following funds: General, Hotel, Economic Development, Airport, Utility, and Stormwater.
Key highlights for the first quarter include:
The First Quarter Investment Report adheres to the Town's Investment Policy as adopted by Council and is in keeping with all State laws.
You can watch the Council's quarterly update discussion here, review the presentation here, and read the Financial Report here.