Page 89 - City of Kennedale Adopted Budget FY22

BUDGET OVERVIEW: DEBT SERVICE FUND
R E V E N U E S

Property Taxes are the main source of revenue for the Debt Service Fund. Money is also transferred in from
the economic development corporation and the stormwater fund to cover corresponding indebtedness.

PROPERTY TAXES
Property Values increased over 5% in Fiscal 2021-2022, largely due to the favorable location in the DFW

area and improvements through the community. Property Taxes make up 93.8% of the Debt Service Fund
Budget revenues. Please see the tax summary information for more information on tax rates and property
values. The chart below shows the values and levy for the past four years:

E X P E N D I T U R E S
All expenditures in the Debt Service Fund are associated with principal and interest payments and
miscellaneous fees. See the debt summaries for more detailed information on each bond. The Bond Rating
for the City of Kennedale is from Standard & Poor’s (AA-).

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