Page 2 - Grapevine FY19 Operating Budget

City of Grapevine Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
Fiscal Year 2018-2019 2021-09-28 11:29:43 AM

Budget Cover Page

October 1, 2018

This budget will raise more total property taxes than last year's budget

by an amount of $ 159,704, which is a 0.65 percent increase from last
year's budget.

The members of the governing body voted on the budget as follows:
FOR: Tate, Freed, Spencer, Coy, Lease, O'Dell and Slechta

AGAINST:
PRESENT and not voting:
ABSENT:

Property Tax Rate Comparison
2018-2019 2017-2018
Property Tax Rate: $0.289271/100 $0.289271/100
Effective Tax Rate: $0.272565/100 $0.270961/100
Effective Maintenance & Operations Tax Rate: $0.136459/100 $0.127969/100
Rollback Tax Rate: $0.306032/100 $0.292737/100

Debt Rate: $0.159065/100 $0.161302/100

Total debt obligation for City of Grapevine secured by property taxes: $13,525,404