Page 9 - Kennedale Budget FY21

BUDGET ADOPTION

THE FOLLOWING STATEMENT IS PROVID ED IN ACCORDANCE WITH STATE LAW

THIS BUDGET WILL RAISE MORE REVENUE FROM
PROPERTY TAXES THAN LAST YEAR'S BUDGET
BY AN AMOUNT OF $418,886, WHICH IS A 9.9%

(PERCENT) INCREASE FROM LAST YEAR'S

BUDGET. THE PROPERTY TAX REVENUE
TO BE RAISED FROM NEW PROPERTY ADDED

TO THE TAX ROLL THIS YEAR IS $235,250.

AD VALOREM (PROPERTY) FY 2019-2020 FY 2020-2021
Tax RATE COMPARISON
Property Tax Rate $0.734970/100 $0.774085/100

Effective Tax Rate $0.688321/100 $0.756520/100

Effective Maintenance & $0.504102/100 $0.628692/100
Operations Rate

Rollback Tax Rate $0.734971/100 $0.774086/100
Debt Rate $0.190541/100 $0.191399/100

TOTAL DEBT OBLIGATION FOR the CITY OF

KENNEDALE SECURED BY PROPERTY TAXES: $1,536,023

MEMBERS OF THE GOVERNING BODY VOTED ON THE BUDGET AT A REGULAR
CITY COUNCIL MEETING ON TUESDAY, SEPTEMBER 15, 2020, AS FOLLOWS:

PRESENT,
MEMBER FOR AGAINST NOT ABSENT
VOTING
Mayor Brian Johnson X
Josh Altom, Place 1 X

Chris Pugh, Place 2 X

Mayor Pro Tem Sandra Lee, Place 3 X

Linda Rhodes, Place 4 X
Chad Wandel, Place 5 X

1