Page 6 - CityofKennedaleFY23Budget

TH ES E S T A T E ME N T S PR O VI D E D I N AC C O R D AN C E W I T H ST AT E L A W

THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST

YEAR’S BUDGET BY $125,308 OR 1.91% AND, OF THAT AMOUNT,
$125,308 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED

TO THE TAX ROLL THIS YEAR.

Amounts for notices required by law to be published in a newspaper were $5,652 for FY 21,
estimated $3,865 FY 22, and adopted $4,250 FY 23.

Amounts for indirectly influencing or attempting to influence the outcome of legislation or
administrative action as those terms are defined in Section 305.002 Government Code were $0
in FY 21, estimated $0 FY 22, and adopted $0 FY 23.

T H I S B U D G E T W A S D E V E L O PE D W I T H A . 7 0 P R O PE R T Y T A X R A TE

Ad Valorem (PROPERTY)
Tax Rate Comparison Per 100 FY 2021-2022 FY 2022-2023
Valuation
Property Tax Rate $0.764085/100 $0.70619/100

No -New-Revenue Rate $0.756350/100 $0.694440/100
Effective Maintenance & Operations $0.569562/100 $0.569154/100
Rate
Voter Approval Rate $0.783057/100 $0.435275/100

Debt Rate $0.191136/100 $0.137036/100

Budget Adopted by Members of City Council at the September 6, 2022 Meeting as follows:

MEMBER FOR AGAINST PRESENT, ABSENT
NOT VOTING
Mayor Hollis Matthews X

Jan Joplin, Place 1 X

Gary Mitchell, Place 2 X
Kenneth Michels, Place 3 X

Austin Degenhart, Place 4 X

James Connor, Place 5 X

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