Page 1 - Pantego FY22 Operating Budget

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.