Page 2 - Grapevine FY20 Approved Budget

Filed
Tarrant County Clerk's Office
City of Grapevine Mary Louise Nicholson, County Clerk
2021-09-28 11:29:46 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 $1,470,451, which is a 6.0 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 $506,717.

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

AGAINST: None

PRESENT and not voting: None
ABSENT: None

Property Tax Rate Comparison
2019-2020 2018-2019
Property Tax Rate: $0.284271/100 $0.289271/100
Effective Tax Rate: $0.272399/100 $0.272565/100
Effective Maintenance & Operations Tax Rate: $0.133182/100 $0.136459/100
Rollback Tax Rate: $0.286528/100 $0.306032/100
Debt Rate: $0.142692/100 $0.158657/100

Total debt obligation for City of Grapevine secured by property taxes: $13,001,948