Page 5 - Forest Hill FY21 Annual Budget

This budget will raise more total property taxes than last year's budget by $418,209 or 6.82
percent, and of that amount, $138,732 is tax revenue to be raised from new property added to the
tax roll this year.

The members of the City Council voted on the budget as follows:

FOR: Gerald Joubert, Mayor

Racquel Belle, Council member, Place I

Carlie Jones, Council member, Place 2

Cameron Wafer, Council member, Place 3

Ozell L. Birks, Council member, Place 4

Clara Faulkner, Council member, Place 5

Malinda Miller, Council member, Place 6

AGArNST: None
PRESENT AND NOT VOTING: None

ABSENT: None

PROPERTY TAX RATE COMPARISONS

Fiscal Year 2019-2020 Fiscal Year 2020-2021

Adopted Property Tax Rate $0.992873 per$ I 00 $0.997340 per$ I 00
No-New-Revenue Tax Rate $0.858487 per$ I 00 $0.968013 per $100
(Effective Tax Rate)
No-New-Revenue $0.745333 per $100 $0.890092 per $ I 00
Maintenance & Operations
Voter-Approval Tax Rate £0.886962 per $1 00 $0.997342 per $100
(Rollback Tax Rate)
Debt Tax Rate $0.082003 per $100 $0.076097 per $200

The total debt obligation secured by prope1iy taxes for the City of Forest Hill, Texas is $2,990,917.

Page 5