Page 24 - Crowley FY21 Budget

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2020 lax Rate Calculation Worksheet
City of Crowley

Voter - Approval Tax Rate ( concluded)
40. Total 2020 debt to be paid with property taxes and additional sales tax
revenue. Debt means the interest and principal that will be paid on debts
that:
1) are paid by property taxes,
2) are secured by property taxes,
3) are scheduled for payment over a period longer than one year, and
4) are not classified in the taxing unit's budget as M &O expenses.
A: Debt also includes contractual payments to other
taxing units that have incurred 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, $ 2, 084,472
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 none). -$ 0
D: Subtract amount paid from other resources. -$ 0
E: Adjusted debt. Subtract B, C and D from A. 2, 084,472

41. Certified 2019 excess debt collections. Enter the amount certified by the
collector.28 0

42. Adjusted 2020 debt. Subtract line 41 from line 40E. 2, 084,472
43. 2020 anticipated collection rate. If the anticipated rate in A is lower
than actual rates in B, C or D, enter the lowest rate from B, C or 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
29
than 100 %.
A. Enter the 2020 anticipated collection rate certified
30 100. 000000%
by the collector.
B. Enter the 2019 actual collection rate. 99.710000%
C. Enter the 2018 actual collection rate. 99. 180000%
D. Enter the 2017 actual collection rate. 99. 700000% 100. 000000%

44. 2020 debt adjusted for collections. Divide line 42 by line 43. 2, 084,472
45. 2020 total taxable value. Enter the amount on line 21 of the No -New-
Revenue Tax Rate Worksheet. 1, 115, 308,980

46. 2020 debt rate. Divide line 44 by line 45 and multiply by $ 100. 0. 186896/$ 100
47. 2020 voter - approval tax rate. Add lines 39 and 46. 0. 699807/$ 100
48. COUNTIES ONLY. Add together the voter - approval tax rates for each type of
100
tax the county levies. The total is the 2020 county voter- approval tax rate.

28 Tex. Tax Code § 26. 012( 10) and 16. 04( b)
29 Tex. Tax Code § 26. 04( h),( h -1) and ( h -2)
30 Tex. Tax Code § 26, 04( b)

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