Page 14 - City of Crowley FY22 Operating Budget

2021 Tax Rate Calculation Worksheet

Crowley
Voter - Approval Tax Rate ( continued)
42. Total 2021 debt to be paid with property taxes and additional sales tax
revenue. Debt means the interest and principal that will be paid on debts
that:
1) are paid by property taxes,
2) are secured by property taxes,
3) are scheduled for payment over a period longer than one year, and
4) are not classified in the taxing unit's budget as M &O expenses.
A: Debt also includes contractual payments to other
taxing units that have incurred debts on behalf of
this taxing unit, if those debts meet the four
conditions above. Include only amounts that will be
paid from property tax revenue. Do not include
appraisal district budget payments. If the governing
body of a taxing unit authorized or agreed to
authorize a bond, warrant, certificate of obligation,
or other evidence of indebtedness on or after Sept.
1, 2021, verify if it meets the amended definition of
debt before including it here. 28
Enter debt amount. $ 2,488,004
B: Subtract unencumbered fund amount used to
reduce total debt. -$ 0
C: Subtract certified amount spent from sales tax to
reduce debt (enter zero if none). -$ 0
D: Subtract amount paid from other resources. -$ 0
E: Adjusted debt. Subtract B, C and D from A. 2, 488, 004
43. Certified 2020 excess debt collections. Enter the amount certified by the
collector.29 172, 033
44. Adjusted 2021 debt. Subtract line 43 from line 42E. 2, 315, 971
45. 2021 anticipated collection rate.
A. Enter the 2021 anticipated collection rate certified
by the collector.30 100. 000000%
B. Enter the 2020 actual collection rate. 99. 630000%
C. Enter the 2019 actual collection rate. 99. 710000%
D. Enter the 2018 actual collection rate. 99. 180000%
E. If the anticipated collection rate in A is lower than
actual collection rates in B, C and D, enter the
lowest collection rate from B, C and D. If the
anticipated rate in A is higher than at least one of
the rates in the prior three years, enter the rate
from A. Note that the rate can be greater than
100%. 11 100. 000000%

28 Tex. Tax Code § 26.012( 7)
29 Tex. Tax Code § 26. 012( 10) and 16.04( b;
30 Tex. Tax Code § 26.04( b)
31 Tex. Tax Code § 26.04( h),(h -1) and ( h -2)