Page 26 - Burleson FY22 City Budget
P. 26
Budget Overview
Proposed FY 2021‐2022 Budget
The chart below shows the historical trend of the City’s tax rate since FY 2012.
Maintenance and Operations Rate (M&O rate)
The proposed budget decreases the M&O rate from $0.5187/$100 value to $0.4974/$100 value.
The following graph illustrates the M&O rate as a percent of the total tax rate since FY 13.
The proposed tax rate of $0.6859/$100 value is at the lowest since FY 2009.
10 Year Ad Valorem History
$0.80 80.00%
$0.70 79.00%
78.00%
$0.60
77.00%
$0.50 76.00%
$0.40 75.00%
74.00%
$0.30
73.00%
$0.20
72.00%
$0.10 71.00%
$0.00 70.00%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Interest & Sinking Operating & Maintenance M&O % of Total
Debt Service Rate (I&S rate)
The debt service rate decreased by $0.0039 from FY 2021‐2022 at $0.1885/$100 value. This debt
rate provides for the debt capacity to fund $88 million dollars in public safety and street projects
over the next six years. The debt rate is 27.5% of the total tax rate. The chart below compares
rates across 35 comparable cities. The debt rate allows for the funding of general government
capital improvement. As the city continues to grow and prosper, the debt rate allows for the
construction of public infrastructure to meet the demands of that growth.
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