Page 2 - CityofWataugaAdoptedBudgetFY24
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City of Watauga
Fiscal Year 2023-2024
Budget Cover Page
This budget will raise more revenue from property taxes than last year's
budget by an amount of $1,154,329, which is a 12.34 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 $6,946.
The members of the governing body voted on the budget as follows:
FOR:
Patrick Shelbourne, Place 1 Andrew Neal, Place 4
Tom Snyder, Place 2 Malissa Minucci, Place 5
Lovie Downey, Place 3 Mark Taylor, Place 6
Jan Hill, Mayor Pro Tem, Place 7
AGAINST:
PRESENT and not voting: Arthur Miner, Mayor
ABSENT:
Property Tax Rate Comparison
2023-2024 2022-2023
Property Tax Rate: $0.570200/100 $0.570200/100
No-New-Revenue Tax Rate: $0.507081/100 $0.530859/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.334281/100 $0.362500/100
Voter-Approval Tax Rate: $0.605718/100 $0.584200/100
Debt Rate: $0.210490/100 $0.195013/100
Total debt obligation for City of Watauga secured by property taxes: $48,650,000, of
which $17,875,000 is considered to be self-supporting debt and is paid by revenues
from the Utility System.
