This budget will raise more revenue from property taxes than last year’s budget by an amount of $10,077,088, which is a 2.7 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 $7,077,149.
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 Price; Mayor Pro Tem Zimmerman; Councilmembers Espino, Scarth, Bivens, Jordan, Shingleton, Allen Gray, and Burns.
Against: None
Present but abstained from voting: None
Absent: None
The members of the governing body voted on the adoption of the budget General Fund allocation for the Police Department as follows:
For: Mayor Price; Mayor Pro tem Zimmerman; Councilmembers Espino, Scarth, Bivens, Jordan, Shingleton, and Burns.
Against: None
Present but abstained from voting: Councilmember Allen Gray
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 FY2012-13 |
Adopted FY2012-13 |
| Property Tax Rate |
$0.855000 |
$0.855000 |
| Effective Tax Rate |
0.8860699 |
0.859693 |
| Effective Maintenance and Operations Tax Rate |
0.701724 |
0.684707 |
| Rollback Tax Rate |
0.926961 |
0.918583 |
| Debt Rate |
0.169100 |
0.179100 |
Municipal Debt Obligations
The total amount of outstanding municipal debt obligations (including principal and interest) secured by property taxes is $888,972,374.
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