Page 1 - Manfield FY21 Budget
P. 1

Filed
                                                                                        Tarrant County Clerk's Office
                                                                                        Mary Louise Nicholson, County Clerk
                                                                                        2021-09-17   12:15 P.M.

                                             CITY OF MANSFIELD, TEXAS

                                           ANNUAL OPERATING BUDGET


                                              FOR FISCAL YEAR 2020-2021



                      The 2020-2021 Budget will raise more revenue from

                    property taxes than last year’s budget by an amount of
                $1,470,105 which is a 3.7% increase over last year’s budget.

                  The property tax revenue to be raised from new property
                             added to the tax roll this year is $1,821,610.



               The amounts above are based on the City’s approved Fiscal Year 2020-2021 tax rate of $0.6900
               per $100 of assessed valuation.




                                                City Council Record Vote

               The members of the governing body voted on the adoption of the 2020-2021 Budget as follows:


               FOR:  Mayor David Cook, Mayor Pro-Tem Julie Short, Council Members Larry Broseh, Casey
               Lewis, Mike Leyman, Brent Newsom and Terry Moore


               AGAINST:  None

               PRESENT AND NOT VOTING:  None


               ABSENT:  None



                                         ADOPTED                                              ADOPTED
                    TAX RATE              BUDGET                   TAX RATE                    BUDGET
                                          2019-2020                                            2020-2021
               Property Tax Rate           0.710000       Property Tax Rate                     0.690000
               Effective Tax Rate          0.683916       No-New-Revenue Tax Rate               0.765053
               Effective M & O Rate        0.451719       No-New-Revenue M & O Rate             0.505689
               Rollback Rate               0.726338       Voter Approval Rate                   0.752132
               Debt Rate                   0.232197       Debt Rate                             0.228744


                 The total (principal) amount of municipal debt obligations owed by the City of Mansfield and
                                secured by ad valorem taxes is $152,745,000 as of 09/30/2020.
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