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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