This budget will raise more revenue from property taxes than last year’s budget by an amount of $24,027,058, which is a 6.3 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 $8,143,072.
Watch
Watch City Manager David Cooke's budget presentation from the Aug. 12, 2014, pre-council work session, or download a copy of the presentation slides(PDF, 1020KB).
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 Zim Zimmerman; Councilmembers Sal Espino, Danny Scarth, Gyna Bivens, Dennis Shingleton, Kelly Allen Gray and Ann Zadeh
Against: Councilmember Jungus Jordan
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 rate that has been adopted or calculated for the current fiscal year, include:
| Tax Rate |
Adopted FY2013-14 |
Adopted FY2013-14 |
| Property Tax Rate |
$0.855000 |
$0.855000 |
| Effective Tax Rate |
0.859693 |
0.828730 |
| Effective Maintenance and Operations Tax Rate |
0.684707 |
0.649459 |
| Rollback Tax Rate |
0.918583 |
0.880515 |
| Debt Rate |
0.179100 |
0.179100 |
Municipal Debt Obligations
The total amount of outstanding municipal debt obligations (including principal and interest) secured by property taxes is $1,049,860,850. Learn more about the city's debt obligations »(PDF, 220KB)
Download a pdf of this coversheet(PDF, 59KB).