Page 3 - Haltom City Budget FY21

Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
2021-09-29 11:43:04 AM
Adopted Annual Budget Fiscal Year 2020-2021

AS APPROVED BY THE MAYOR AND CITY COUNCIL
In accordance with Texas Local Government Code 102.007

This budget will raise more total property taxes than last

year’s budget by $719,435 which is a 4.5% increase from
last year’s budget. The property tax revenue to be raised

from new property added to the tax roll this year is $170,175.

The members of the governing body voted in the adoption of the budget as follows:

For: Mayor Pro Tem Walter Grow
Councilmember Marian Hilliard
Councilmember Lin Thompson
Councilmember Brent Weast
Councilmember Suzan Soule
Councilmember Gaye Vanzant

Against: None
Present and not Voting: Mayor An Truong

Absent: Councilmember Ricky Brown

Property Tax Rate Comparison
Fiscal Year 2020-2021 Fiscal Year 2019-2020
Property Tax Rate $0.665760 / $100 $0.665760 / $100
No New Revenue Rate (Effective) $0.659514 / $100 $0.616560 / $100
Voter Approval Rate (Rollback) $0.687781 / $100 $0.665760 / $100
Debt Tax Rate $0.262010 / $100 $0.252033 / $100
Maintenance & Operations Tax Rate $0.403750 / $100 $0.413730 / $100

Municipal Debt Obligation supported by property tax: $6,501,040.