Financial Reports

The City of Kress strives to provide accurate financial data to the community for full financial transparency. Financial Reports and Budgets are presented, re-evaluated and voted on annually following Local Government Code § Chapter 102 MUNICIPAL BUDGET. Proposed Budget documents reflect the financial plan to be presented for the next fiscal year. The Final Budget includes the Proposed Budget plus changes made for budget and purchase order carryovers. The City Council holds public budget meetings annually for the residents of Kress to attend. All financial reports are posted and can be requested through open records.

City Council Public Meetings            Open Records Request 

The City's financial reports and budget includes:

  • Accounts Payable
  • Taxes & Rates
  • Revenues & Expenses
  • Debts
  • Payroll
  • Utility Billing and Collections
  • Admindistration Department
  • Water Department 

Tax Rate 2024-25

Tax rate decrease of $0.3859 on each $100.00 taxable valuation of property. The rate is 11.3893 percent less than the no-new tax rate of $0.4355per $100.00 taxable valuation of property, and 3.8615 percent less than the voter approved tax rate of $0.4014per $100.00 taxable valuation of property

City Budgets by Fiscal Year

The City of Kress is committed to financial transparency. As part of this commitment and to show progress with the current City administration, The City will be posting bank statement records dating back to 2017 to present. These statements will have important information redacted such as numbers to accounts. This is a continuing effort for full transparency. We appreciate our great community's patience as we continue to update our website and serve our residents. 

Related Links