Page 5 - Lake Worth Adopted Budget FY 23-24

Attachment "A"

Lake Worth

Fiscal Year 2023- 2024

Budget Cover Page

September 19, 2023

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

budget by an amount of $- 77,009, which is a - 2.80 percent decrease from

last year's budget. The property tax revenue to be raised from new

property added to the tax roll this year is $ 46, 731.

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

FOR: Jim Smith Geoffrey White

Sue Wenger Coy Pennington

Sherrie Kubala Watkins Gary Stuard

Jerry Cox

AGAINST:

PRESENT and not voting:Walter Bowen

ABSENT:

Property Tax Rate Comparison

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Property Tax Rate: 0.380557/ 100 0.438928/100

No -New -Revenue Tax Rate: 0. 398246/ 100 0.438928/ 100

No -New -Revenue Maintenance & Operations Tax Rate. 0. 179924/100 0. 194357/100

Voter -Approval Tax Rate: 0.390105/ 100 0.448476/ 100

Debt Rate: 0. 194585/ 100 0. 240687/100

Total debt obligation for Lake Worth secured by property taxes: $ 10, 505,000

Attachment A Page 1 of 48