Page 3 - FortWorthFY22AdoptedBudget

Truth in Taxation
CITY OF FORT WORTH, TEXAS
FISCAL YEAR 2021-2022

ANNUAL BUDGET
This budget will raise more revenue from property taxes than last year’s budget by
an amount of $42,924,585, which is a 7.2 percent increase from last year’s budget.
The property tax revenue to be raised from new property added to the tax roll this
year is $24,063,165.

CITY COUNCIL RECORD VOTE
The members of the governing body voted on the adoption of the budget as
follows:
FOR: Mayor Mattie Parker, Council Members Carlos Flores, Michael D. Crain,
Cary Moon, Gyna Bivens, Jared Williams, Leonard Firestone, Chris Nettles and
Elizabeth Beck
AGAINST: None
PRESENT but abstained from voting: None
ABSENT: None

MUNICIPAL PROPERTY TAX RATES
The municipal property tax rates for the preceding fiscal year, and each municipal
property tax rate that has been adopted or calculated for the current fiscal year,
include:

Tax Rate Adopted Adopted
FY2020-21 FY2021-22
Property Tax Rate $0.747500 $0.732500
No-New-Revenue Tax Rate 0.777377 0.725928
No-New-Revenue Maintenance and 0.623529 0.589116
Operations Tax Rate
Voter-Approval Tax Rate 0.807134 0.822434
Debt Rate 0.152500 0.147500

MUNICIPAL DEBT OBLIGATIONS
The total amount of outstanding municipal debt obligations (including principal and interest)
secured by property taxes is $1,057,816,379.

This cover page and the information it contains are included with the adopted budget as required
by Section 102.007 of the Texas Local Government Code.

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