Page 3 - Haltom City FY19 Annual Budget

Adopted Annual Budget Fiscal Year 2018-2019

AS APPROVED BY THE MAYOR AND CITY COUNCIL

In accordance with Texas Local Government Code 102.007

This budget will raise more total property taxes than last
year’s budget by $852,827 or 6.66%, and of that amount

$27,171 is tax revenue to be raised from new property

added to the tax roll this year.

The members of the governing body voted on the adoption of the budget as follows:

For: Mayor Pro Tem An Truong
Councilmember Walter Grow
Councilmember Lin Thompson
Councilmember Bob Watkins
Councilmember Brent Weast

Against: Councilmember Ricky Brown
Councilmember Jeannine Nunn

Absent: Mayor David Averitt

Property Tax Rate Comparison
Fiscal Year 2018-2019 Fiscal Year 2017-2018
Property Tax Rate $0.653000 / $100 $0.668180 / $100
Effective Tax Rate $0.616560 / $100 $0.638174 / $100
Effective M&O Rate $0.419815 / $100 $0.421492/ $100
Rollback Tax Rate $0.689261 / $100 $0.721513 / $100
Debt Tax Rate $0.230000 / $100 $0.213000 / $100

Municipal Debt Obligation supported by property tax: $5,040,861.