Financial and Budget Transparency
Traditional Finance Financial Transparency Report FY 2022
FINANCIAL TRANSPARENCY
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The City of Oak Ridge North is committed to providing clear and meaningful financial information not only by posting financial documents, but also through summaries, visualizations, downloadable data and explanations of the city processes. The city is participating in the State of Texas Transparency Star program, recognizing governments for going above and beyond in transparency efforts. We participate to ensure full transparency is available to the public.
Finance Summary
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For the most recently completed fiscal year from October 1, 2021, through September 30, 2022. The city had 46 full-time equivalent positions in the most recently completed fiscal year.
Sales Tax
Sales tax is the highest contribution to the city’s revenue. This is due to a large commercial presence and a smaller population.
Property Tax
Property tax is the second highest contribution to the city’s revenue. The city’s property tax rate was $0.4043 per $100 valuation for 2023. The tax has decreased for the third year in a row.
