Page 312 - FortWorthFY22AdoptedBudget

A Resolution

NO. 5471-09-2021

RATIFYING THE PROPERTY TAX REVENUE INCREASE
REFLECTED IN THEFISCAL YEAR 2022 BUDGET, IN
ACCORDANCE WITH SECTION 102.007(c) OFTHE TEXAS LOCAL
GOVERNMENT CODE

WHEREAS, pursuant to Texas Local Government Code Section 102.007(c) the
adoption of a budget that will require raising more revenue from property taxes than in the
previous year requires a separate vote of the governing body to ratify the increased property
tax revenues reflected in the budget; and

WHEREAS, the Fiscal Year 2022 budget will raise more revenue from property
taxes than the previous year because, despite a decrease in the actual property tax rate of
$0.7475 per $100 value in Fiscal Year 2021 to $0.7325 per $100 value in Fiscal Year 2022,
the revenue from the assessment of property taxes will create more revenue than last year
due to increases in appraised values on pre-existing improvements and to new
improvements placed on the tax rolls.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:

That, the City Council of Fort Worth hereby ratifies the property tax revenue increase
reflected in the Fiscal Year 2022 budget.

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Adopted this 21 day of September 2021 .

ATTEST:
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