Page 2 - CityofSaginawFY25Budget

Filed
Tarrant County Clerk

9:03 am, Nov 07 2024
Mary Louise Nicholson

County Clerk

CITY OF SAGINAW by ngorena
FISCAL YEAR 2024-2025
BUDGET COVER PAGE

AUGUST 13, 2024

THIS BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES
THAN LAST YEAR'S BUDGET BY AN AMOUNT OF $576,853, WHICH IS A
3.90 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 $145,805.

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

FOR: Mayor Todd Flippo Mayor Pro-Tem Paul Felegy
Councilmember Nicky Lawson Councilmember Valerie Junkersfeld
Councilmember Brack St Clair Councilmember Cindy Bighorse
Councilmember Mary Copeland

AGAINST: None

PRESENT AND
NOT VOTING: None

ABSENT: None

Property Tax Rate Comparison 2024-2025 2023-2024

Property Tax Rate $0.493747/100 $0.498769/100

No-New Revenue Tax Rate $0.490414/100 $0.459254/100

No-New Revenue Maint. & Oper. Tax Rate $0.259206/100 $0.247756/100

Voter-Approval Tax Rate $0.481669/100 $0.498769/100

Debt Rate $0.218417/100 $0.234810/100

Total debt obligation for City of Saginaw secured by property taxes: $115,991,775.
The total debt obligation due for FY2024/2025 is $6,976,903.
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