Page 3 - City of Westlake FY20 Budget

TOWN OF WESTLAKE Filed
Tarrant County Clerk's Office
FISCAL YEAR 2019-2020 Mary Louise Nicholson, County Clerk
2022-04-20 9:23:28 AM
PROPERTY TAX VOTE

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

budget by an amount of $430,534, which is a 23.02 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 $259,232.

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

FOR: Michael Barrett
Alesa Belvedere
Carol Langdon

AGAINST: None

PRESENT and not voting: None

ABSENT: Greg Goble
Rick Rennhack

PROPERTY TAX RATE COMPARISON

Tax Rate FY 19/20 FY 18/19

Property Tax Rate $0.16018/100 $0.15600/100

Effective Tax Rate $0.14483/100 $0.13551/100
Effective Maintenance & Operations Tax Rate $0.09531/100 $0.11152/100

Rollback Tax Rate $0.16018/100 $0.15618/100
Debt Rate $0.04637/100 $0.02399/100

MUNICIPAL DEBT OBLIGATIONS
The total debt obligation for the Town of Westlake secured by property taxes is
$655,842

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