Page 14 - CITY OF AZLE, TEXAS

well as past actual collections from the previous five (5) years to create trends in the City’s
various revenue sources in order to come up with reasonable revenue estimates. Property
appraisals from Tarrant Appraisal District and Parker County Appraisal District were used to
estimate this year’s property tax revenues and comprise the only estimates from other
governments used to determine revenues. Revenues in the Utility Fund were estimated after
determining actual increases in the amount of accounts due to recent growth along with
projections for the coming year.

Highlights

• Taxable appraised ad valorem property values increased $131,380,082;
• New construction value of $32,908,840;
• Increases are projected in sales taxes;
• All current service levels are maintained or expanded for FY 2022-23;
• Compensation plan is maintained with funding included for step increases;
• Moving the City to 7% retirement starting January 2023 is proposed. This retirement
level is the highest level of participation in the Texas Municipal Retirement System.
Most cities are already at this level which put the City, which is currently at 6%, at a
competitive disadvantage in recruiting and retaining employees.
• Six (6) new positions are included – Marketing Specialist, Code Enforcement Officer,
Community Affairs/Crime Analyst, Water Plant Operator II, Wastewater Plant Operator III
and 2 Golf Professional (Cross Timbers Golf Course);
nd
• Equipment and fixture purchases include a police command vehicle; ¾-ton pickup truck
(2 – Animal Control and Street/Stormwater); utility vehicle with top dresser (Cross
Timbers Golf Course); a leaf/debris removal machine (Stormwater/Street); and two (2)
ambulances (Fire);
• Capital projects include the Ash Avenue Drainage Improvement Project, trail lights at
Central Park and Shady Grove Park., sidewalks on Kimbrough Rd. and Ash Ave. and
office space at the Library;
• Major maintenance projects include the continued slip lining of sewer lines in the
Shoreline Dr. area and continue adding lift stations to the SCADA system;
• The Street Maintenance Fund includes funds for the reclamation of Green Way, Roe St.,
Locust St., Church St., and Central Dr.;
• The Comprehensive Land Use Master Plan, which includes the Thoroughfare Plan, will
be revised and updated;
• Continued updating of computer systems and software;
• Lower the ad valorem property tax rate from the current rate of $0.646149 to $0.623426,
which will produce a total increase in property tax revenue of $560,865 over the FY
2021-22 budget due to increased property values and new construction; and
• Water and sewer rates will be unchanged.

Property Values and Tax Rates

Taxable value for this year is $1,267,643,110 which is an increase of $131,380,082 (11.56%)
from last year’s certified total of $1,136,263,028. This increase includes $32,908,840 in new
construction.

A combined tax rate of $0.623426 per $100 is proposed for FY 2022-23, with $0.569478
allocated to the General Fund for maintenance and operations (M&O) and $0.053948 allocated
to debt service. The proposed rate is $0.022723 less than the FY 2021-22 adopted tax rate.

City of Azle FY 2022-2023 Budget 4