Page 27 - City of Bedford FY21 Budget

CITY OF BEDFORD, TEXAS

FISCAL YEAR 2020-2021

BUDGET COVER PAGE
Pursuant to Senate Bill 656

This budget will raise more revenue from property taxes than
last year’s budget by an amount of $754,045, which is a 3.08%

increase from last year’s budget. The property tax revenue to be
raised from new property added to the tax roll this year is

$11,608.

City Council Record Vote
The members of the governing body voted on the adoption of the budget as
follows:

FOR: Michael Boyter, Rusty Sartor, Dan Cogen, Amy
Sabol, Tom Burnett, Ruth Culver, Rob Gagliardi
AGAINST: Not Applicable
PRESENT and not voting: Not Applicable
ABSENT: Not Applicable

Tax Rate FY 2020-2021 FY 2019-2020
Property Tax Rate 0.569000 0.569000
No-New-Revenue Rate 0.562799 0.524732
NNR M&O Tax Rate 0.373793 0.396596
Voter-Approved Tax Rate 0.571968 0.543844
Debt Rate 0.184367 0.191591

The total amount of municipal debt obligation secured by property taxes for the
City of Bedford is $76,295,000.

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