Page 3 - FortWorthFY23AdoptedBudget

Truth in Taxation

CITY OF FORT WORTH, TEXAS
FISCAL YEAR 2022-2023
ANNUAL BUDGET

This budget will raise more revenue from property taxes than last year’s budget by
an amount of $73,009,942, which is a 11.4 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 $19,583,878.

CITY COUNCIL RECORD VOTE

The members of the governing body voted on the adoption of the budget as
follows:
FOR: Mayor Mattie Parker, Council Members Carlos Flores, Gyna Bivens, Jared
Williams, Leonard Firestone, Chris Nettles, Elizabeth Beck
AGAINST: Alan Blaylock, Michael D. Crain
PRESENT but abstained from voting: None
ABSENT: None

MUNICIPAL PROPERTY TAX RATES
The municipal property tax rates for the preceding fiscal year, and each municipal
property tax rate that has been adopted or calculated for the current fiscal year,
include:

Tax Rate Adopted Adopted
FY2021-22 FY2022-23
Property Tax Rate $0.732500 $0.712500
No-New-Revenue Tax Rate 0.725928 0.666876
No-New-Revenue Maintenance and 0.589116 0.540229
Operations Tax Rate
Voter-Approval Tax Rate 0.822434 0.793356
Debt Rate 0.147500 0.147500

MUNICIPAL DEBT OBLIGATIONS
The total amount of outstanding municipal debt obligations (including principal and interest)
secured by property taxes is $1,114,604,718.

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