Page 1 - City of Mansfield FY22 Operarting Budget

Filed
Tarrant County Clerk's Office

Mary Louise Nicholson, County Clerk
CITY OF MANSFIELD, TEXAS
2022-03-15
4:15:27 PM
ANNUAL OPERATING BUDGET

FOR FISCAL YEAR 2021-2022

The 2021-2022 Budget will raise more revenue from

property taxes than last year’s budget by an amount of
$2,331,520 which is a 5.7% increase over last year’s budget.

The property tax revenue to be raised from new property
added to the tax roll this year is $2,118,898.

The amounts above are based on the City’s approved Fiscal Year 2021-2022 tax rate of $0.6900
per $100 of assessed valuation.

City Council Record Vote

The members of the governing body voted on the adoption of the 2021-2022 Budget as follows:

FOR: Mayor Michael Evans, Mayor Pro-Tem Todd Tonore, Council Members Tamera Bounds,
Larry Broseh, Casey Lewis, Mike Leyman, and Julie Short

AGAINST: None

PRESENT AND NOT VOTING: None

ABSENT: None

ADOPTED ADOPTED
TAX RATE BUDGET TAX RATE BUDGET
2020-2021 2021-2022
Property Tax Rate 0.690000 Property Tax Rate 0.690000
No-New-Revenue Tax Rate 0.765053 No-New-Revenue Tax Rate 0.681442
No-New-Revenue M & O Rate 0.505689 No-New-Revenue M & O Rate 0.463023
Voter Approval Rate 0.752132 Voter Approval Rate 0.704227
Debt Rate 0.228744 Debt Rate 0.224999

The total (principal) amount of municipal debt obligations owed by the City of Mansfield and
secured by ad valorem taxes is $151,135,000 as of 09/30/2021.