Page 3 - PowerPoint Presentation

Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
2021-09-22 6:36:37 PM

TOWN OF WESTLAKE
FISCAL YEAR 2021 – 2022

PROPOSED ANNUAL BUDGET

This budget will raise more revenue from property taxes than last year’s budget by an amount
of $166,978, which is a 6.39 percent increase from last year’s budget. The property tax
revenue to be raised from new property added to the tax roll this year is $177,235.

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

FOR: Mayor Pro Tem Carol Langdon, Councilmember Alesa Belvedere, Councilmember

Rajiv Trivedi, Councilmember Chandrika Dasgupta, and Councilmember Anna White

AGAINST: None

PRESENT and not voting: Mayor Laura Wheat

ABSENT: None

2021-2022 PROPERTY TAX RATE COMPARISON 2020-2021
2021-2022
Property Tax Rate $0.16788 $0.16788

No New Revenue Tax Rate $0.16746 $0.16809
No New Revenue Maintenance & Operations Tax Rate $0.12531 $0.12494

Voter Approval Tax Rate $0.22181 $0.18969
Debt Rate $0.06504 $0.04298

The total debt obligation for the Town of Westlake secured by property taxes: $1,242,150.

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