THIS BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES THAN LAST YEAR’S BUDGET BY AN AMOUNT OF $21,814,701, WHICH IS A 5.4 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 $13,238,441.
City Council Record Vote
The members of the governing body voted on the adoption of the budget, excluding the General Fund allocation for the Police Department as follows:
FOR: Mayor Pro tem Sal Espino; Councilmembers Zim Zimmerman, Cary Moon, Gyna Bivens, Jungus Jordan, Dennis Shingleton, Kelly Allen Gray and Ann Zadeh
AGAINST: None
PRESENT but abstained from voting: None Absent: Mayor Betsy Price
The members of the governing body voted on the adoption of the budget General Fund allocation for the Police Department as follows:
FOR: Mayor Pro tem Sal Espino; Councilmembers Zim Zimmerman, Cary Moon, Gyna Bivens, Jungus Jordan, Dennis Shingleton, and Ann Zadeh.
AGAINST: None
PRESENT but abstained from voting: Councilmember Kelly Allen Gray
ABSENT: Mayor Betsy Price
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 FY2014-15 |
Adopted FY2014-15 |
| Property Tax Rate |
$0.855000 |
$0.855000 |
| Effective Tax Rate |
0.828730 |
0.892253 |
| Effective Maintenance and Operations Tax Rate |
0.649459 |
0.697666 |
| Rollback Tax Rate |
0.880515 |
0.932579 |
| 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 $984,587,143.
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. View a pdf of this cover page.