Page 2 - FY 2020-21 Budget Cover.pub

Filed
Tarrant County Clerk
Mary Louise Nicholson,
County Clerk
2021-04-05
CITY OF AZLE, TEXAS

FISCAL YEAR 2020-2021 BUDGET

ADOPTED AUGUST 24, 2020

THE FOLLOWING INFORMATION IS REQUIRED BY
STATE OF TEXAS TRUTH-IN-TAXATION LAWS:

This budget will raise more revenue from property taxes than
last year's budget by an amount of $198,245, which is a 3.05

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 $183,216.

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

FOR: Alan Brundrett, Mayor Bill Jones, Mayor Pro Tem
David McClure, Place 2 Christopher Simpson, Place 4
Rouel Rothenberger, Place 5 Brian Conner, Place 6

AGAINST: None

PRESENT and not voting: None

ABSENT: Corey Wynns, Place 1

Property Tax Rate Comparison

2020-2021 2019-2020
Property Tax Rate: $0.657204/100 $0.657204/100
No-New-Revenue Tax Rate: $0.637750/100 $0.626132/100
No-New Revenue Maintenance & Operations Tax Rate: $0.557562/100 $0.548274/100
Voter-Approval Tax Rate: $0.648236/100 $0.657204/100
De Minimis Tax Rate: $0.677788/100 Not Applicable
Debt Rate: $0.071160/100 $0.077858/100

Total debt obligation for the City of Azle secured by property taxes:
$12,305,000