Page 82 - CityofColleyvilleFY23AdoptedBudget

Revenues by Source

Property tax is the largest revenue earner for the debt service fund, as all outstanding and proposed debt is secured by it.
The City's Tax Increment Financing District (TIF) will provide some minimal support to the forthcoming debt issue, but by-
and-large all funding will be generate from the City's general interest and sinking (I&S) tax rate. Values are expected to have
small to moderate increases since the City is close to build-out, but the City is obligated to raise the revenue needed to meet
all outstanding debt obligations through its tax levy.

Projected 2023 Revenues by Source

e
%
e
u
n
n
v
R
R

v
e
e
u
.
0
0
4
4
.
(

e
e
(

%

e
e
c
l
l
l
c
i
M M
Miscellaneous Revenue (0.4%) ) )
s
s
i
u
o
o
s
s
u
e
a
a
l
e
n
n
s
e
s

e
a
T
a
x
x
(
6
.
6
%
%
.
9
(
9
9
9
a
V
a
l
l
V
d
A A Ad Valorem Taxes (99.6%) ) )
d

m
m

T

e
o
o
r
e
r
City of Colleyville | Budget Book 2023 Page 82