Page 2 - Watauga FY22-23 Budget

Filed 09/25/2023 2:36:37 PM
Tarrant County Clerk's Office
Mary Louise Nicholson,
County Clerk

City of Watauga

Fiscal Year 2022-2023

Budget Cover Page

This budget will raise more revenue from property taxes than last

year's budget by an amount of $627,484, which is a 7.26 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 $6,886.

The members of the governing body voted on the budget as follows:

FOR:
Patrick Shelbourne, Place 1 Andrew Neal, Place 4
Tom Snyder, Place 2 Malissa Minucci, Place 5
Lovie Downey, Mayor Pro Tem, Place 3 Mark Taylor, Place 6
Jan Hill, Place 7
AGAINST:
PRESENT and not voting: Arthur Miner, Mayor ABSENT: N/A

Property Tax Rate Comparison

2022-2023 2021-2022
Property Tax Rate: $0.570200/100 $0.580400/100
No-New-Revenue Tax Rate: $0.530859/100 $0.552327/100
No-New-Revenue Maintenance & Operations Tax
Rate: $0.362500/100 $0.382073/100
Voter-Approval Tax Rate: $0.584200/100 $0.597593/100
Debt Rate: $0.195013/100 $0.184955/100

Total outstanding municipal debt obligations secured by property taxes are $53,360,070, of which
$22,993,395 is considered to be self-supported debt and are paid by water and sewer system
revenues.