Page 2 - Watauga FY21 Budget

Filed
Tarrant County Clerk
City of Watauga Mary Louise Nicholson
County Clerk
2021-04-12 2:31 PM
Fiscal Year 2020-2021

Budget Cover Page

This budget will raise more revenue from property taxes than last year's
budget by an amount of $113,231, which is a 1.41% increase from last

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

added to the tax roll this year is $4,364.

The members of the governing body voted on the budget as follows:

FOR:
Tom Snyder, Mayor Pro Tem, Place 2 Lovie Downey, Place 3

Andrew Neal, Place 4 Juanita King, Place 5

Mark Taylor, Place 6

AGAINST:

PRESENT and not voting: Arthur Miner, Mayor

ABSENT:

Property Tax Rate Comparison

2020-2021 2019-2020
Property Tax Rate: $0.580404/100 $0.580500/100
Effective Tax Rate: $0.571188/100 $0.537697/100
Effective Maintenance & Operations Tax Rate: $0.400696/100 $0.376204/100
Rollback Tax Rate: $0.612459/100 $0.580916/100
Debt Rate: $0.179708/100 $0.174616/100

Total outstanding municipal debt obligations secured by property taxes are

$41,570,000, of which $20,965,000 is considered self-supporting. Self- supported
debt is paid through utility charges. Additional detail on the City’s debt obligations

is included in the Debt section of the budget document .