Page 2 - Southlake FY21 Budget
P. 2
City of Saginaw
Fiscal Year 2020-2021
Adopted Budget Cover Page
September 15, 2020
This budget will raise more revenue from property taxes than last year's
budget by an amount of $310,777, which is a 3.16 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 $256,060.
The members of the governing body voted on the budget as follows:
FOR: Todd Flippo Valerie Junkersfeld
Charles Beasley Charles Tucker
Cindy Bighorse Mary Copeland
AGAINST: None
PRESENT and not voting: None
ABSENT: Patrick Farr
Property Tax Rate Comparison
2020-2021 2019-2020
Property Tax Rate: 0.461579 0.459000
No New Revenue Tax Rate: 0.457966 0.430869
No New Revenue Maint. & Oper. Tax Rate: 0.359937 0.264393
Voter Approval Tax Rate: 0.484903 0.469175
Debt Rate: 0.177341 0.177345
Total debt obligation for the City of Saginaw secured by property taxes:
$59,115,286. The total debt obligation due for FY2020/2021 is $4,127,320.
2
