Page 2 - CityofGrandPrairieFY25Adopted Budget

Filed
Tarrant County Clerk
City of Grand Prairie
3:38 pm, Oct 18 2024
Mary Louise Nicholson Fiscal Year 2024/2025
County Clerk
by ngorena Adopted Budget

This budget will raise more revenue from property taxes than last
year's budget by an amount of $6,956,084, which is a 5.13%

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

$4,680,875.

The members of the governing body voted on the adoption of the tax rate as follows:

FOR the adoption: Ron Jensen, John Lopez, Jorja Clemson, Jacquin Headen,
Mike Del Bosque, Tony Shotwell, Kurt Johnson, Junior
Ezeonu, Bessye Adams

AGAINST the adoption: N/A

PRESENT and not voting: N/A

ABSENT: N/A

Property Tax Rate Comparison

2024-2025 2023-2024
Property Tax Rate: $0.660000/100 $0.660000/100
No-New-Revenue Tax Rate: $0.639544/100 $0.585857/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.424866/100 $0.404469/100
Voter-Approval Tax Rate: $0.684602/100 $0.664838/100
Debt Rate: $0.241970/100 $0.231231/100
Maintenance & Operations Tax Rate: $0.418030/100 $0.428769/100

The total debt obligation for the City of Grand Prairie secured by property tax is $55,839,047.

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