Page 1 - Saginaw FY24 Adopted Budget

Filed 09/21/2023 8:36:06 AM
Tarrant County Clerk's Office
Mary Louise Nicholson,
County Clerk

CITY OF SAGINAW
FISCAL YEAR 2023-2024
BUDGET COVER PAGE
AUGUST 15, 2023

THIS BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES THAN
LAST YEAR'S BUDGET BY AN AMOUNT OF $1,286,682, WHICH IS A 9.55
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 $175,597.

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

FOR: Mayor Todd Flippo Mayor Pro-Tem Valerie Junkersfeld
Councilmember Paul Felegy Councilmember Nicky Lawson
Councilmember Randy Edwards Councilmember Cindy Bighorse
Councilmember Mary Copeland

AGAINST: None

PRESENT AND
NOT VOTING: None

ABSENT: None

Property Tax Rate Comparison 2023-2024 2022-2023

Property Tax Rate $0.498769/100 $0.508042/100

No-New Revenue Tax Rate $0.459254/100 $0.439714/100

No-New Revenue Maint. & Oper. Tax Rate $0.247756/100 $0.270555/100

Voter-Approval Tax Rate $0.498769/100 $0.532488/100

Debt Rate $0.234810/100 $0.234886/100

Total debt obligation for City of Saginaw secured by property taxes: 122,226,780.
The total debt obligation due for FY2023/2024 is $7,086,291