Page 2 - CITY OF AZLE, TEXAS

Filed 11/17/2022 10:45:12 AM
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk

CITY OF AZLE, TEXAS

FISCAL YEAR 2022-2023 BUDGET

ADOPTED AUGUST 29, 2022

THE FOLLOWING INFORMATION IS REQUIRED BY
STATE OF TEXAS TRUTH-IN-TAXATION LAWS:

This budget will raise more revenue from property taxes than
last year's budget by an amount of $560,865, which is a 7.64

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 $205,163.

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

FOR: Alan Brundrett, Mayor Randa Goode, Mayor Pro Tem
Derrick Nelson, Place 1 Stacy Peek, Place 3
Rouel Rothenberger, Place 5 Brian Conner, Place 6

AGAINST: None

PRESENT and not voting: None

ABSENT: Amy Estes

Property Tax Rate Comparison

2022-2023 2021-2022
Property Tax Rate: $0.623426/100 $0.646149/100
No-New-Revenue Tax Rate: $0.593271/100 $0.612280/100
No-New Revenue Maintenance & Operations Tax Rate: $0.530035/100 $0.537846/100
Voter-Approval Tax Rate: $0.602534/100 $0.620733/100
De Minimis Tax Rate: $0.623426/100 $0.646149/100
Debt Rate: $0.053948/100 $0.064063/100

Total debt obligation for the City of Azle secured by property taxes:
$19,300,000