Page 236 - Grapevine FY19 Operating Budget

Tax Levy - The total revenues to be raised by ad valorem taxes for expenditures as authorized by
the City Council.

Tax Rate - The amount of tax levied for each $1 00 of valuation.

Tax Roll - Official list showing the amount of taxes levied against each taxpayer or property.

Taxes - Compulsory charges levied by a government for the purpose of financing services
performed for the common benefit of the people.

TEXRail - a 27-mile commuter rail line extending from downtown Fort Worth, across northeast
Tarrant County, through North Richland Hills and Grapevine, and into DFW International
Airport’s Terminal B.

TIF - Tax Increment Financing, the act of capturing the amount of property taxes levied by a
taxing unit for the year on the appraised value of real property located within a defined
investment zone. The tax increments are paid into the TIF fund and used to pay project costs
within the zone, including debt service obligations.

TMRS - Texas Municipal Retirement System, a pension plan for employees of member cities
within the state of Texas.

TPWD – Texas Parks and Wildlife Department

TRA – Trinity River Authority. A political subdivision of the state of Texas responsible for
administration of a master plan for basin-wide development, serving as local sponsor for federal
water projects and providing services to cities within its service area. TRA serves the southern
portion of Grapevine.

T.R.A.P.S. - Texas Recreation & Parks Society

TRE – Trinity Railway Express. A cooperative service provided by the Fort Worth
Transportation Authority (the T) and Dallas Area Rapid Transit (DART) to provide commuter
rail service between Fort Worth & Dallas.

Transfer-In – Funds expended in one fund and received in another.

Turbidity – A measure of the cloudiness of water. Turbidity is a good indicator of the
effectiveness of the filtration system.

TxDOT – Texas Department of Transportation

Unencumbered Balance - The amount of an appropriation that is neither expended nor
encumbered; the amount of money still available for further purchases.

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