Page 444 - City of Bedford FY21 Budget

Line Voter Approval Tax Rate Activity Amount/Rate
A. Debt also includes contractual payments to other taxing units that have incurred 7,286,720
debts on behalf of this taxing unit, if those debts meet the four conditions above.
Include only amounts that will be paid from property tax revenue. Do not include
appraisal district budget payments.
Enter debt amount
B. Subtract unencumbered fund amount used to reduce total debt. 0
C. Subtract certified amount spent from sales tax to reduce debt(enter zero if 0
none)
D. Subtract amount paid from other resource 0
E. Adjusted debt Subtract B, C and D from A 7,286,720
41. Certified 2019 excess debt collections Enter the amount certified by the collector. 0
42. Adjusted 2020 debt Subtract Line 41 from Line 40E 7,286,720
43. 2020 anticipated collection rate. . If the anticipated collection rate in A is lower 100.00
than actual collection rates in B, C and D, enter the lowest collection rate from B, C
and D. If the anticipated rate in A is higher than at least one of the rates in the prior
three years, enter the rate from A. Note that the rate can be greater than 100%
A. Enter the 2020 anticipated collection rate certified by the collector 100.00
B. Enter the 2019 actual collection rate 99.21
C. Enter the 2018 actual collection rate 100.40
D. Enter the 2017 actual collection rate 100.06
44. 2020 debt adjusted for collections. Divide Line 42 by Line 43. 7,286,720
45. 2020 total taxable value. Enter the amount on Line 21 of the No-New-Revenue 3,992,391,049
Tax Rate Worksheet.
46. 2020 debt rate Divide Line 44 by Line 45 and multiply by $100. 0.182515
47. 2020 voter-approval tax rate 0.645652

48. COUNTIES ONLY 0.645652
STEP 3 NNR Tax Rate and Voter-Approval Tax Rate Adjustments for Additional Sales tAx to Reduce Property Taxes

Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local voters by election must approve
imposing or abolishing the additional sales tax. If approved, the taxing unit must reduce its NNR and voter-approval tax rates to offset
the expected sales tax revenue.
This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/or voter-
approval tax rate because it adopted the additional sales tax.
Line Additional Sales and Use Tax Worksheet Amount/Rate
49. Taxable sales. For taxing units that adopted the sales tax in November 2019 or May 0
2020, enter the Comptroller's estimate of taxable sales for the previous four quarters.
Estimates of taxable sales may be obtained through the Comptroller's Allocation
Historical Summary webpage. Taxing units that adopted the sales tax before
November 2019, skip this line.
50. Estimated sales tax revenue. Counties exclude any amount that is or will be spent 2,941,718
for economic development grants from the amount of estimated sales tax revenue.
Taxing units that adopted the sales tax in November 2019 or in May 2020.
Multiply the amount on Line 49 by the sales tax rate (.01, .005 or .0025, as
applicable) and multiply the result by .95[3] -or-
Taxing units that adopted the sales tax before November 2019. Enter the sales
tax revenue for the previous four quarters. Do not multiply by .95.
51. 2020 total taxable value. Enter the amount from Line 21 of the No-New-Revenue 3,992,391,049
Tax Rate Worksheet..

52. Sales tax adjustment rate. Divide Line 50 by Line 51 and multiply by $100. 0.073684
53. 2020 NNR tax rate, unadjusted for sales tax.[35] Enter the rate from Line 26 or $.562799
27, as applicable, on the No-New-Revenue Tax Rate Worksheet.
54. 2020 NNR tax rate, adjusted for sales tax.
$.489115
Subtract Line 52 from Line 55.
408
55. 2020 voter-approval tax rate, unadjusted for sales tax.[36] Enter the rate from 0.645652

1001.1.6