Page 2 - Saginaw FY19 Annual Budget

City of Saginaw

Fiscal Year 2018-2019

Adopted Budget Cover Page

September 18, 2018

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

budget by an amount of $569,434, which is a 7.01 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 $275,861.

The members of the governing body voted on the budget as follows:
FOR: Todd Flippo Charles Tucker

David Flory Cindy Bighorse
Valerie Tankersley Mary Copeland

AGAINST: Patrick Farr

PRESENT and not voting: None

ABSENT: None

Property Tax Rate Comparison
2018-2019 2017-2018

Property Tax Rate: $0.471800/100 $0.495000/100
Effective Tax Rate: $0.454363/100 $0.481717/100
Effective Maintenance & Operations Tax Rate: $0.263290/100 $0.272250/100
Rollback Tax Rate: $0.471806/100 $0.512572/100
Debt Rate: $0.180671/100 $0.210814/100

Total debt obligation for Saginaw secured by property taxes: $38,393,972
The total debt obligation due for FY2018/2019 is $3,381,610

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