Page 2 - Haltom City FY20 Approved Budget

Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
2021-09-29 11:32:00 AM

Adopted Annual Budget Fiscal Year 2019-2020

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 $732,832 or 8%, and of that amount

$139,314 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:

F o r : M a y o r P r o T e m L i n T h o m p s o n
C ouncilmember Marian Hilliard
C ouncilmember Walter Grow
C ouncilmember Brent Weast
Councilmember Suzan Soule
C ouncilmember Ricky Brown
C ouncilmember Gaye Vanzant

Against: None

Present and not voting Mayor An Truong

Absent: None

Property Tax Rate Comparison

Fiscal Year 2019-2020 Fiscal Year 2018-2019
Property Tax Rate $0.665760 / $100 $0.653000 / $100
Effective Tax Rate $0.635110 / $100 $0.616560 / $100
Effective M&O Rate $0.383077 / $100 $0.419815 / $100
Rollback Tax Rate $0.665760 / $100 $0.689261 / $100
Debt Tax Rate $0.252033 / $100 $0.230000 / $100

Municipal Debt Obligation supported by property tax: $6,187,254.