Page 3 - CityofHaltomFY23Budget

Filed
Tarrant County Clerk
9:09 am, Oct 30 2024
Proposed Annual Budget Fiscal Year 2022-2023 Mary Louise Nicholson
by County Clerk
ngorena

This budget will raise more total property taxes than last
year’s budget by $856,793 which is an 8% increase from

last year’s budget. The property tax revenue to be raised

from new property added to the tax roll this year is
$589,147.

The members of the governing body voting on the proposed tax rate are as follows:

Present and not voting: Mayor Dr. An Truong

For: Deputy Mayor Pro Tem Marian Hilliard
Councilmember Tiffany Chandler
Mayor Pro Tem Linda Thompson
Councilmember Eric Morris
Councilmember Susan Soule
Councilmember Kyle Smith
Councilmember Don Cooper
Against: None
Absent: None

Property Tax Rate Comparison
Fiscal Year 2022-2023 Fiscal Year 2021-2022
Proposed Property Tax Rate $0.608162 / $100 $0.645651 / $100
No New Revenue Rate (Effective) $0.600280 / $100 $0.641573 / $100
Voter Approval Rate (Rollback) $0.630183 / $100 $0.645651 / $100
Debt Tax Rate $0.231735 / $100 $0.249882 / $100
Maintenance & Operations Tax Rate $0.376427 / $100 $0.395769 / $100

Municipal Debt Obligation supported by property tax: $7,475,549.