HomeMy WebLinkAboutItems 7, 8, 9 - Tax and Budget viE�T F: S ' f S
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FY20 Budget Actions
September 17 , 2019
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FY20 Budget Meetings � .� � ��
• August 8
0 Budget Presentation and Recommendations
• August 20
1St Public Hearing for Tax Rate
• September 3rd
• 2nd Public Hearing for Tax Rate
• Operating Budget Public Hearing
• CCPD Public Hearing
• September 17
• CCPD approval
• 4B Board approval
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Items for Consideration ��� �:�.� � ��
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Seeking approval on :
1 . FY20 Tax Increase
• Required language under sate law
• The tax rate decreases bv '/2 cent
2 . Ordinance adopting the FY20 budget
3. Ordinance adopting tax rate
• Tax Rate decreases by '/2 cent per $100 of
valuation
VIN E.
Tax Rate Comparison ;
Texas Cities with Population > 50,000
0.9
0.8
0.7
0.6 Grapevine FY20
0.284271
0.5
0.4
0.3
0.2
0.1
0 -
i G) LI D K n �10 G) T D : n v m p K z D n K cn G7 Z = _ — n cn v p G � n W K D m v Gl W G) v w K p � K � � D L m v w m
fD pj C Q - N — = O O C DI N N ° ° D� < D� DI n n ° _ O- S (D D� fD fD ID -. — O � DI O O DI —
N �n C fD — _ 9 < —
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ID O1 o Q M rD o O p' W M ao <. o D s ao o Q o p Q -°_ Q > > " ? D
m o Q D D = v m > > D ° n ° D o ao = m D ° �' Q ° ° o ° D v ° 3 �' ° o=o o °
O O O� N °1 O O n n O O S =. O Dq < O_ Q m N S O
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Sources: Tax Rate: https://comptroller.texas.gov "
Population https://en.wil<ipedia.org/wil<i/List_of—cities_in_Texas_by_population
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Tax Rate Comparison
0.900
0.800 0.785
0.700 0.635
0.600 0.562 0.585
0.500 0.413 0.439 0.446 0.447 0.463
0.400
0.321
0.300 0.284
0.200
0.100
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01
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Grapevine Proposed Tax Rate for FY2020
All Other Tax Rates FY19 per TAD updated October 3, 2018 5
viE�T F: S ' f S
FY20 Budget Actions
September 17 , 2019