Page 68 - Trophy Club FY22 Budget
P. 68

C. Subtract B from A and divide by Line 32 and multiply by $100.                                $0.000000/$100


     D.Multiply B by 0.08 and divide by Line 32 and multiply by $100.
                                                                                                     $0.000000/$100
     E. Enter the lessor of C and D, if applicable. If not applicable, enter 0.
                                                                                                     $0.000000/$100


     38. Rate adjustment for defunding municipality. This adjustment only applies to a
     municipality that is considered to be a defunding municipality for the current tax year under
     Chapter 109, Local Government Code. Chapter 109, Local Government Code only applies to
     municipalities with a population of more than 250,000 and includes a written determination
     by the Office of the Governor. See Tax Code 26.0444 for more information.                                    $0

     A. Amount appropriated for public safety in 2020. Enter the amount of money
     appropriated for public safety in the budget adopted by the municipality for the preceding
     fiscal year                                                                                                  $0

     B. Expenditures for public safety in 2020. Enter the amount of money spent by the
     municipality for public safety during the preceding fiscal year.
                                                                                                     $0.000000/$100
     C. Subtract B from A and divide by Line 32 and multiply by $100.

     D. Enter the rate calculated in C. If not applicable, enter 0.
                                                                                                     $0.000000/$100
     39. Adjusted 2021 NNR M&O rate. Add Lines 33, 34D, 35D, 36E, and 37E. Subtract Line             $0.330055/$100
     38D.

     40. Adjustment for 2020 sales tax specifically to reduce property values. Cities, counties
     and hospital districts that collected and spent additional sales tax on M&O expenses in 2020
     should complete this line. These entities will deduct the sales tax gain rate for 2021 in
     Section 3. Other taxing units, enter zero.

     A. Enter the amount of additional sales tax collected and spent on M&O expenses in 2020, if                  $0
     any. Counties must exclude any amount that was spent for economic development grants
     from the amount of sales tax spent.
                                                                                                           $0.000000
     B. Divide Line 40A by Line 32 and multiply by $100.

                                                                                                           $0.330055
     C. Add Line 40B to Line 39.
     41. 2021 voter-approval M&O rate. Enter the rate as calculated by the appropriate
     scenario below.
     Special Taxing Unit. If the taxing unit qualifies as a special taxing unit, multiply Line 40C
     by 1.08.                                                                                        $0.341606/$100
     - or -
     Other Taxing Unit. If the taxing unit does not qualify as a special taxing unit, multiply Line
     40C by 1.035.

     D41. Disaster Line 41 (D41): 2021 voter-approval M&O rate for taxing unit affected by           $0.000000/$100
     disaster declaration. If the taxing unit is located in an area declared a disaster area and at
     least one person is granted an exemption under Tax Code Section 11.35 for property located
     in the taxing unit, the governing body may direct the person calculating the voter-approval
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