Page 20 - Crowley FY21 Budget

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2020 `fax Rate Calculati ®n Worksheet

City of Crowley

Voter- Approval Tax Rate
The voter - approval tax rate is the highest tax rate that a taxing unit may adopt without holding an
election to seek voter approval of the rate. The voter - approval tax rate is split into two separate rates:
1. Maintenance and Operations (M &O) Tax Rate: The M &O portion is the tax rate that is
needed to raise the same amount oftaxes that the taxing unit levied in the prior year plus the
applicable percentage allowed by law: This rate accounts for such things as salaries, utilities and
day-to- day operations.
2. Debt Rate: The debt rate includes the debt service necessary to pay the taxing unit's debt
payments in the coming year. This rate accounts for principal and interest on bonds and other
debt secured by property flax revenue.
The voter - approval tax rate for a county is the sum ofthe voter-approval tax rates calculated for each
type oftax the county levies. In most cases the voter - approval tax rate-exceeds the no -new- revenue tax
rate, but occasionally decreases in a taxing unit's debt service will cause the NNR tax rate to be higher
than the voter - approval tax rate.

28. 2019 M &O tax rate. Enter the 2019 M &O tax rate. 0,486408/$ 100
29. 2019 taxable value, adjusted for actual and potential court- ordered
adjustments. Enter the amount in line 8 of the No- New - Revenue Tax Rate
Worksheet. 1, 070,372,443
30, Total 2019 M &O levy. Multiply line 28 by line 29 and divide by $ 100. 5,206, 377

31. Adjusted 2019 levy for calculating NNR M &O taxes. Add line 31 E to line 30.
A. 2019 sales tax specifically to reduce property
taxes. For cities, counties and hospital districts,
enter the amount of additional sales tax collected
and spent on M &O expenses in 2019, if any. Other
taxing units, enter 0. Counties must exclude any
amount that was spent for economic development
grants from the amount of sales tax spent. $ 0
B. M &O taxes refunded for years preceding tax
year 2019: Enter the amount of M &O taxes
refunded in the preceding year for taxes before
that year. Types of refunds include court
decisions, Tax Code Section 25.25( b) and (c)
corrections and Tax Code Section 31. 11 payment
errors. Do not include refunds for tax year 2019.
This line applies only to tax years preceding tax
year 2019. +$ 0
C. 2019 taxes in TIF.: Enter the amount of taxes paid
into the tax increment fund for a reinvestment
zone as agreed by the taxing unit. If the taxing unit
has no 2019 captured appraised value in Line
18D, enter 0. -$ 266, 950

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