Page 48 - Grapevine FY23 Adopted Budget (1)

Population and net direct debt amounts for the periods listed below are as follows:
Year Net Direct Debt Population

2010 $75,596,365 47,045
2011 $68,589,652 47,101
2012 $62,359,082 47,854
2013 $122,903,477 48,751
2014 $114,209,419 49,424
2015 $97,648,222 49,800
2016 $86,254,210 49,867
2017 $82,809,565 51,660
2018 $92,808,409 52,490
2019 $121,671,399 53,976
2020 $150,595,000 55,281
2021 $125,321,691 55,450
2022 $156,597,675 55,780

The assessed value of all taxable property is an important measure of the capacity of the tax base
to support present and future revenue needs, particularly in terms of debt obligations. The ratio of
net direct debt as a percentage of net taxable value is relevant for local governments that depend
on property taxes as the primary source of debt service revenues. The City’s 2022 ratio of net
direct debt as a percentage of assessed value is 1.50%.

Year Net Direct Debt Net Taxable Value Ratio

2010 $75,596,365 $5,864,643,146 1.29%
2011 $68,589,652 $5,912,257,208 1.16%
2012 $62,359,082 $6,082,785,223 1.02%
2013 $122,903,477 $6,246,787,751 1.96%
2014 $114,209,419 $6,593,129,832 1.73%
2015 $97,648,222 $6,303,722,379 1.55%
2016 $86,254,210 $7,274,810,676 1.18%
2017 $82,809,564 $8,037,334,886 1.03%
2018 $92,808,409 $8,730,311,903 1.06%
2019 $121,671,399 $9,285,556,518 1.31%
2020 $150,595,000 $9,411,012,077 1.60%
2021 $125,321,691 $10,351,254,676 1.21%
2022 $156,597,675 $10,438,758,327 1.50%

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