Page 2 - CityofMansfieldFY23Budget

Filed
Tarrant County Clerk
2:20 pm, Oct 04 2024
CITY OF MANSFIELD, TEXAS
Mary Louise Nicholson
ANNUAL OPERATING BUDGET County Clerk
by ngorena
FOR FISCAL YEAR 2022-2023

The 2022-2023 Budget will raise more revenue from

property taxes than last year’s budget by an amount of
$6,567,233 which is a 13.5% increase over last year’s budget.

The property tax revenue to be raised from new property
added to the tax roll this year is $3,595,337.

The amounts above are based on the City’s approved Fiscal Year 2022-2023 tax rate of $0.6800
per $100 of assessed valuation.

City Council Record Vote

The members of the governing body voted on the adoption of the 2022-2023 Budget as follows:

FOR: Mayor Michael Evans, Mayor Pro-Tem Todd Tonore, Council Members Tamera Bounds,
Larry Broseh, Casey Lewis, Mike Leyman, and Julie Short

AGAINST: None

PRESENT AND NOT VOTING: None

ABSENT: None

ADOPTED ADOPTED
TAX RATE BUDGET TAX RATE BUDGET
2021-2022 2022-2023
Property Tax Rate 0.690000 Property Tax Rate 0.680000
No-New-Revenue Tax Rate 0.681442 No-New-Revenue Tax Rate 0.626936
No-New-Revenue M & O Rate 0.463023 No-New-Revenue M & O Rate 0.432148
Voter Approval Rate 0.704227 Voter Approval Rate 0.722037
Debt Rate 0.224999 Debt Rate 0.215566

The total (principal) amount of municipal debt obligations owed by the City of Mansfield and
secured by ad valorem taxes is $147,185,000 as of 09/30/2022.