Page 2 - CITY OF AZLE, TEXAS

CITY OF AZLE, TEXAS
10/9/2023 4:07 PM
FISCAL YEAR 2023-2024 BUDGET

ADOPTED AUGUST 21, 2023

THE FOLLOWING INFORMATION IS REQUIRED BY
STATE OF TEXAS TRUTH-IN-TAXATION LAWS:

This budget will raise more revenue from property taxes than
last year's budget by an amount of $807,980, which is a 10.16

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 $398,989.

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

FOR: Alan Brundrett, Mayor Derrick Nelson, Place 1
Amy Estes, Place 2 Stacy Peek, Place 3
Rouel Rothenberger, Place 5 Brian Conner, Place 6

AGAINST: None

PRESENT and not voting: None

ABSENT: Randa Goode, Mayor Pro Tem

Property Tax Rate Comparison

2023-2024 2022-2023
Property Tax Rate: $0.5688744/100 $0.6234260/100
No-New-Revenue Tax Rate: $0.5397410/100 $0.5932710/100
No-New Revenue Maintenance & Operations Tax Rate: $0.4897372/100 $0.5300350/100
Voter-Approval Tax Rate: $0.5535492/100 $0.6025340/100
De Minimis Tax Rate: $0.5688744/100 $0.6234260/100
Debt Rate: $0.0466712/100 $0.0539480/100

Total debt obligation for the City of Azle secured by property taxes:
$17,820,000