Page 2 - GrapevineFY24 Adopted Budget

City of Grapevine

Fiscal Year 2023-2024

Budget Cover Page

September 5, 2023

This budget will raise more revenue from property taxes than last year's

budget by an amount of $104,613, which is a 0.37 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 $114,265.

The members of the governing body voted on the budget as follows:
FOR: William D. Tate Darlene Freed
Sharron Rogers Chris Coy
Duff O'Dell Paul Slechta
Leon Leal
AGAINST: None
PRESENT and not voting: None

ABSENT: None

Property Tax Rate Comparison

2023-2024 2022-2023
Property Tax Rate: $0.250560/100 $0.271775/100
No-New-Revenue Tax Rate: $0.250561/100 $0.272033/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.136328/100 $0.152991/100
Voter-Approval Tax Rate: $0.265435/100 $0.286439/100
Debt Rate: $0.114232/100 $0.128094/100

Total debt obligation for City of Grapevine secured by property taxes: $11,998,671

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