Page 3 - CityofHaltomFY24Budget

City of Haltom City

Fiscal Year 2023-2024

Budget Cover Page

August 28, 2023

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

budget by an amount of $1,137,204, which is a 5.79 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 $412,200.

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

FOR: Councilmember Marian Hilliard Councilmember Kyle Hantz
Mayor Pro Tem Lin Thompson Councilmember Susan Soule
Deputy Mayor Pro Tem Kyle Smith Councilmember Don Cooper

AGAINST: Councilmember Eric Morris
PRESENT and not voting: Mayor An Truong
ABSENT:

Property Tax Rate Comparison
2023-2024 2022-2023
Property Tax Rate: $0.567283/100 $0.608162/100
No-New-Revenue Tax Rate: $0.546074/100 $0.600280/100
No-New-Revenue Maintenance & Operations Tax Rate:
$0.337981/100 $0.368545/100
Voter-Approval Tax Rate: $0.567283/100 $0.630183/100
Debt Rate:
$0.195452/100 $0.231735/100

Total debt obligation for City of Haltom City secured by property taxes: $7,461,583