Page 2 - CityofWataugaAdoptedBudgetFY25

Filed
Tarrant County Clerk

12:27 pm, Feb 05 2025
Mary Louise Nicholson
County Clerk

by ngorena
City of Watauga, Texas

Fiscal Year 2024-2025

Budget Cover Page

This budget will raise more revenue from property taxes than last

year's budget by an amount of $648,626, which is a 6.22 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 $82,212.

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

FOR:
Patrick Shelbourne, Place 1 Andrew Neal, Place 4
Cris Blackburn, Place 2 Malissa Minucci, Mayor Pro Tem, Place 5
Lovie Downey, Place 3 Mark Taylor, Place 6
Jan Hill, Place 7

AGAINST:

PRESENT and not voting: Arthur Miner, Mayor

ABSENT:

Property Tax Rate Comparison
2024-2025 2023-2024

Property Tax Rate: $0.570200/100 $0.570200/100
No-New-Revenue Tax Rate: $0.540097/100 $0.507081/100
No-New-Revenue Maintenance & Operations Tax
Rate: $0.341309/100 $0.334281/100
Voter-Approval Tax Rate: $0.575477/100 $0.605718/100
Debt Rate: $0.209149/100 $0.210490/100
De Minimis Rate: $0.576204/100 $0.571910/100

Total debt obligation for City of Watauga, Texas secured by property taxes:

$50,965,000