Page 2 - CityofGrapevineFY25AdoptedBudget

City of Grapevine

Fiscal Year 2024-2025

Budget Cover Page

September 17, 2024

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

budget by an amount of $86,789, which is a 0.33 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 $132,503.

The members of the governing body voted on the budget as follows:
FOR: William D. Tate Darlene Freed
Chris Coy Duff O'Dell
Paul Slechta Sharron Rogers
Leon Leal
AGAINST:
PRESENT and not voting:

ABSENT:

Property Tax Rate Comparison

2024-2025 2023-2024
Property Tax Rate: $0.241165/100 $0.250560/100
No-New-Revenue Tax Rate: $0.241165/100 $0.250560/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.145601/100 $0.146090/100
Voter-Approval Tax Rate: $0.299582/100 $0.265435/100
Debt Rate: $0.109353/100 $0.114232/100

Total debt obligation for City of Grapevine secured by property taxes: $11,904,724