Page 1 - Pantego FY22 Operating Budget
P. 1

Filed
                                                                      Tarrant County Clerk's Office

                                                                      Mary Louise Nicholson, County Clerk
                                                                      2021-10-20       3:08:58 PM
                                     TOWN OF PANTEGO, TEXAS


                                      ANNUAL OPERATING BUDGET

                                           AND PLAN OF SERVICES



                                        FOR FISCAL YEAR 2021-2022




            This budget as proposed will raise less revenue from property

            taxes than last year’s budget by an amount of $579, which is a

            0.04%  decrease  from  last  year’s  budget.    The  property  tax

            revenue to be raised from new property added to the tax roll this

            year is $153.


                                                City Council Record Vote

            The members of the governing body voted on the adoption of the budget as follows:


            FOR:  Brewster, Brown, Duncan, Funderlic
            AGAINST: Adair
            PRESENT:
            ABSENT:


            Property tax rate comparison: (tax rate per $100 valuation)


                                                                       Adopted             Adopted
                                                                    FY 2020-21            FY 2021-22
            Property Tax Rate                                        $0.420000             $0.420000
            No New Revenue Rate                                      $0.435250             $0.431102
            No New Revenue M&O Rate                                  $0.475659             $0.381103
            M&O Rate                                                 $0.370516             $0.371329
            Voter Approval Rate                                      $0.452299            $0.460767
            De minimis Rate                                          $0.663793             $0.568477
            Debt Rate                                                $0.049484             $0.048671


            The proposed Property Tax rate is made up of .371329 for Maintenance and Operations
            and the .048671 debt rate as to not increase the total rate above that from last year.


            The total amount of municipal debt obligation secured by property taxes for the Town of
            Pantego is $ 2,565,000.
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