View the City of Fort Worth’s adopted fiscal year 2020 budget.
This budget will raise more total property taxes than last year’s budget by $46,738,049 or 8.8%, and of that amount $16,224,902 is tax revenue to be raised from new property added to the tax roll this year.
The amounts above are based on the City’s adopted fiscal year 2020 tax rate of $0.7475 per $100 of assessed valuation. The City’s fiscal year 2019 tax rate (the current tax rate) is $0.7850 per $100 of assessed valuation.
City Council Record Vote
The members of the governing body voted on the adoption of the budget as follows:
For: Mayor Betsy Price, Mayor Pro tem Dennis Shingleton, Councilmembers Carlos Flores, Gyna Bivens, and Ann Zadeh
Against: Councilmembers Brian Byrd, Cary Moon, and Jungus Jorda
Present but abstained from voting: None
Absent: Councilmember Kelly Allen Gray
Municipal Property Tax Rates
The municipal property tax rates for the preceding fiscal year, and each municipal property tax rate that has been adopted or calculated for the current fiscal year, include:
|Tax Rate||Adopted FY2018-19||Adopted FY2019-20|
|Property Tax Rate||$0.785000||$0.747500|
|Effective Tax Rate||0.782594||0.729187|
|Effective Maintenance and Operations Tax Rate||0.616753||0.578466|
|Rollback Tax Rate||0.828812||0.789191|
Municipal Debt Obligations
The total amount of outstanding municipal debt obligations (including principal and interest) secured by property taxes is $ 827,991,475.
This cover page and the information it contains are included with the budget as required by the Texas Local Government Code. A PDF version is available online here.
- Table of Contents
- GFOA Distinguished Budget Presentation Award
- Executive Message
- Organizational Information
- Processes and Policies
- Budget Highlights
- Government Fund
- General Fund
- Debt Service Funds
- Special Revenue Funds
- Special Project Funds
- Gas Endowment Funds
- Proprietary Funds
- Internal Service Funds
- Fiduciary Funds