Page 1 - Hurst FY20 Approved Budget

Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
2021-09-27 9:36:08 AM

City of Hurst

Annual Budget Plan and Municipal Services
Fiscal Year 2019-2020

Section 102.007, of the Local Government Code, requires that the

following notice be posted with the City's Approved Budget:

This budget will raise more total property taxes than last year's budget
by an amount of $2,051,709, which is a 12.10 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 $54,373.

Record Vote of each Councilmember
Name Place For Against Abstain Absent
Henry Wilson Mayor Votes in case of a tie
Larry Kitchens Place 2/Mayor Pro Tem X
David Booe Place 1 X
Cathy Thompson Place 4 X
Bill McLendon Place 5 X
Jon McKenzie Place 6 X
Cindy Shepard Place 7 X

Tax Rate Adopted FY 2018/2019 Adopted FY 2019/2020
Property Tax Rate $0.58/$100 $0.597299/$100
Effective Tax Rate $0.552995/$100 $0.544839/$100
Effective M&O Tax Rate $0.471551/$100 $0.478236/$100
Rollback Tax Rate $0.586350/$100 $0.597299/$100
Debt Rate $0.108449/$100 $0.119063/$100

The total amount of municipal debt obligations secured by property taxes for the City of Hurst is 79.2 million. Of
that amount 50 million is directly secured by and payable from I&S property tax revenue and 29.20 million is
secured by property taxes but payable from other revenue sources.
Visit our website at: www.hursttx.gov