Page 5 - City of Bedford FY22 Budget

Fiscal Year 2021-2022 Budget Cover Page

Pur s uant t o S enat e B i l l 6 56

This budget will raise more revenue from property taxes than last year ’s
budget by an amount of $1,363,787, which is a 5.40% increase from last
year ’s budget. The property tax revenue to be raised from new property

added to the tax roll this year is $6,559.

Cit y Co u n c il Rec o rd Vo t e
Th e memb ers o f t h e go vern in g b o d y vo t ed o n t h e ad o p t io n o f t h e b u d get as fo llo ws:

FO R: Mic h ael Bo yt er, Cin d y Almen d arez , Dan Co gen , Amy Sab o l, Ric h
St eves, Ru t h Cu lver, Ro b Gagliard i
AGAI NST: No t Ap p lic ab le
PRESENT an d n o t vo t in g: No t Ap p lic ab le
ABSENT: No t Ap p lic ab le

Tax Rat e FY 2 02 1-2 02 2 FY 2 02 0-2 02 1
Pro p ert y Tax Rat e 0.5 5 2 000 0.5 69000
No -New-Reven u e Rat e 0.5 493 19 0.5 62 799
NNR M&O Tax Rat e 0.3 72 05 7 0.3 73 793
Vo t er-Ap p ro ved Tax 0.5 5 2 691 0.5 71968
Rat e
Deb t Rat e 0.165 010 0.1843 67
Th e t o t al amo u n t o f mu n ic ip al d eb t o b ligat io n sec u red b y p ro p ert y t axes fo r t h e Cit y o f
Bed fo rd is $71,73 5 ,000.

City of Bedford, TX | Budget Book 2022 Page 5