Page 7 - City of Kennedale Adopted Budget FY22

BUDGET ADOPTION
T H E F O L L O W I N G S T A T E M E N T I S P R O V I D E D
I N A C C O R D A N C E W I T H S T A T E L A W

THIS BUDGET WILL RAISE MORE REVENUE FROM
PROPERTY TAXES THAN LAST YEAR’S BUDGET BY AN

AMOUNT OF $5,323, WHICH IS A 0.11 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 $15,613.

AD VALOREM (PROPERTY) FY 2020-2021 FY 2021-2022
Tax RATE COMPARISON

Property Tax Rate $0.774085/100 $0.764085/100

Effective Tax Rate $0.756520/100 $0.756350/100
Effective Maintenance & $0.628692/100 $0.569562/100
Operations Rate
Rollback Tax Rate $0.774086/100 $0.783057/100

Debt Rate $0.191399/100 $0.191136/100

TOTAL DEBT OBLIGATION FOR the CITY OF

KENNEDALE SECURED BY PROPERTY TAXES: $1,665,913

MEMBERS OF THE GOVERNING BODY VOTED ON THE BUDGET AT A REGULAR
CITY COUNCIL MEETING ON TUESDAY, SEPTEMBER 21, 2021, AS FOLLOWS:

PRESENT,
MEMBER FOR AGAINST NOT ABSENT
VOTING
Mayor Linda Rhodes X

Jan Joplin, Place 1 X
Gary Mitchell, Place 2 X

Julie Jacobson, Place 3 X

Austin Degenhart, Place 4 X

James Connor, Place 5 X

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