Page 2 - FY2020Colleyville

Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
City of Colleyville 2021-09-27 9:41:45 AM

Fiscal Year 2019-2020

Budget Cover Page

This budget will raise more revenue from property taxes than last year's
budget by an amount of $772,915 which is a 5.18 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 $322,723.

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

FOR: Richard Newton, Bobby Lindamood, Tammy Nakamura,
Kathy Wheat, George Dodson, Chuck Kelley, Callie Rigney

AGAINST:

PRESENT and not voting: ABSENT:

Property Tax Rate Comparison
2019-2020 2018-2019
Property Tax Rate: $0.306807/100 $0.320800/100
Effective Tax Rate: $0.306807/100 $0.320800/100
Effective Maintenance & Operations Tax Rate: $0.290430/100 $0.303663/100
Rollback Tax Rate: $0.330134/100 $0.344992/100
Debt Rate: $0.016379/100 $0.017036/100

Total debt obligation for City of Colleyville secured by property taxes: $686,723

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