Page 2 - Grapevine FY23 Adopted Budget (1)

City of Grapevine

Fiscal Year 2022-2023

Budget Cover Page

September 6, 2022

This budget will raise more revenue from property taxes than last year's

budget by an amount of $191,088, which is a 0.70 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 $284,213.

The members of the governing body voted on the budget as follows:
FOR: William D. Tate Darlene Freed
Sharron Rogers Chris Coy
Duff O'Dell Paul Slechta
Leon Leal
AGAINST: None
PRESENT and not voting: None

ABSENT: None

Property Tax Rate Comparison

2022-2023 2021-2022
Property Tax Rate: $0.271775/100 $0.271811/100
No-New-Revenue Tax Rate: $0.272033/100 $0.270644/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.152991/100 $0.148080/100
Voter-Approval Tax Rate: $0.286439/100 $0.284638/100
Debt Rate: $0.128094/100 $0.131376/100

Total debt obligation for City of Grapevine secured by property taxes: $13,101,524

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