Page 3 - Fort Worth City Budget 2019

Truth in Taxation
CITY OF FORT WORTH, TEXAS
FISCAL YEAR 2018-2019

ANNUAL BUDGET

This budget will raise more revenue from property taxes than last

year’s budget by an amount of $38,145,610, which is a 7.7 percent

increase from last year’s budget. The property tax revenue to be
raised from new property added to the tax roll this year is

$16,057,419.

CITY COUNCIL RECORD VOTE
The members of the governing body voted on the adoption of the budget as follows:
FOR: Mayor Betsy Price, Councilmembers Carlos Flores, Brian Byrd, Cary Moon, Gyna Bivens, Jungus Jordan, Kelly
Allen Gray and Ann Zadeh
AGAINST: None
PRESENT but abstained from voting: None
ABSENT: Mayor Pro tem Dennis Shingleton

MUNICIPAL PROPERTY TAX RATES
The municipal property tax rates for the preceding fiscal year, and each municipal property tax rate that has been
adopted or calculated for the current fiscal year, include:

Tax Rate Adopted Adopted
FY2017-18 FY2018-19
Property Tax Rate $0.805000 $0.785000
Effective Tax Rate 0.787766 0.782594
Effective Maintenance and Operations Tax Rate 0.617513 0.616753
Rollback Tax Rate 0.813082 0.828812
Debt Rate 0.163500 0.155000

MUNICIPAL DEBT OBLIGATIONS
The total amount of outstanding municipal debt obligations (including principal and interest) secured by property
taxes is $903,277,529.

This cover page and the information it contains are included with the adopted budget as required
by Section 102.007 of the Texas Local Government Code.

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