Page 3 - CityofKennedaleFY25AdoptedBudget

City of Kennedale

Fiscal Year 2024/2025

Adopted Budget THIS BUDGET WILL RAISE MORE TOTAL

PROPERTY TAXES THAN LAST YEAR’S BUDGET BY
$242,440.39 OR 2.91% AND, OF THAT AMOUNT,
$59,220.61 IS TAX REVENUE TO BE RAISED FROM NEW
PROPERTY ADDED TO THE TAX ROLL THIS YEAR.

CITY COUNCIL RECORD VOTE

The members of the governing body voted on the adoption of the
budget as follows:
FOR: Mayor Pro Tem Kenneth Michels; Councilmembers David

Glover and Jeff Nevarez
AGAINST: Councilmembers Thelma Kobeck and Chris Gary PRESENT

but abstained from voting: None
ABSENT: None

MUNICIPAL PROPERTY TAX RATES
The municipal property tax rates for the preceding fiscal year, and

each municipal property tax rates that has been adopted or
calculated for the current fiscal year, include:

Tax Rate FY24 Adopted FY25 Adopted
Property Tax Rate $0.706190/100 $0.706190/100

No-New-Revenue Tax Rate $0.610045/100 $0.686241/100
No-New-Revenue Maintenance & Operations Rate $0.413128/100 $0.491025/100
Voter Approval Tax Rate $0.706208/100 $0.727523/100
Debt Rate $0.196917/100 $0.195216/100
Maintenance & Operations Tax Rate $0.509273/100 $0.510974/100

MUNICIPAL DEBT OBLIGATIONS
The total amounts of outstanding municipal debt obligations

(including principal and interest) secured by property taxes is

$39,393,143.

This cover page and the information it contains are included with the adopted budget as required by Section
102.007 of the Texas Local Government Code.
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