The annual budget is a financial plan that outlines estimated expenditures related to City-provided services and the proposed means of financing them. The budget is a result of the City Council and staff's vision and hard work to provide the highest quality customer service while remaining fiscally conservative. The City's fiscal year is from October 1 to September 30.
The City of Red Oak adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate. The tax rate will effectively be raised by 5.38 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $-40.57.