Page 2 - Grapevine Budget FY21

Filed
Tarrant County Clerk
Mary Louise Nicholson, County Clerk
City of Grapevine 2021-06-24 11:54 AM

Fiscal Year 2020-2021

Budget Cover Page

This budget will raise less revenue from property taxes than last year's
budget by an amount of $23,205, which is a 0.08 percent decrease from

last year's budget. The property tax revenue to be raised from new

property added to the tax roll this year is $225,121.

The members of the governing body voted on the budget as follows:
FOR: William D Tate, Darlene Freed, Duff O'Dell, Chris Coy, Paul Slechta, Sharron Rogers, Leon Leal

AGAINST:
PRESENT and not voting:
ABSENT:

Property Tax Rate Comparison
2020-2021 2019-2020
Property Tax Rate: $0.282601/100 $0.284271/100
No New Revenue (NNR) Rate/Effective Tax Rate: $0.282694/100 $0.272399/100
$0.141816/100
NNR/Effective Maintenance & Operations Tax Rate: $0.133182/100
Voter Approval/Rollback Tax Rate: $0.285904/100 $0.286528/100
Debt Rate: $0.139125/100 $0.142692/100

Total debt obligation for City of Grapevine secured by property taxes: $12,947,144