HomeMy WebLinkAboutItem 02 - FY2006-2007 BudgetMEMO TO:
FROM:
MEETING DATE:
SUBJECT:
RECOMMENDATION:
ITEM 0
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
BRUNO RUMBELOW, CITY MANAGER
SEPTEMBER 5, 2006
PUBLIC HEARING ON THE FY 2006-2007 BUDGET
That the City Council conduct a public hearing on the proposed FY2006-2007 annual
budget. The budget, as amended to include the service levels from the City Council
workshop held on August 14, 2006 contains fund expenditures in the following amounts:
General Fund
$45,692,744
Utility Enterprise Fund
19,438,244
Debt Service Fund
12,616,173
Convention & Visitors Bureau Fund
10,094,070
Lake Enterprise Fund
2,960,217
General Government Capital Projects Fund
11,100,270
Permanent Street Maintenance Fund
1,170,000
General Permanent Capital Maintenance Fund
629,175
Utility Permanent Capital Maintenance Fund
1,729,281
Stormwater Drainage Fund
1,854,884
Lake Parks Fund
645,147
Water and Wastewater Capital Projects Fund
6,225,402
BACKGROUND:
In compliance with the "truth -in -taxation" laws the City of Grapevine published its "effective"
and "rollback" tax rates in the Fort Worth Star -Telegram on August 9, 2006.
Pursuant to the Charter of the City of Grapevine, Texas, Section 907, a public hearing on
the annual budget shall be held to allow all interested persons to be heard for or against
any item or the amount of any item therein contained. The public hearing shall commence
on September 5, 2006 and final action on the budget shall be taken at a special meeting
on September 12, 2006. The City Council must adopt the annual budget no later than 15
days prior to the beginning of the fiscal year.
WAG/slt
REVISED CITY SALES AND PROPERTY TAX RATES 9/5/2006
city
Sales Tax
Rate
Property Tax
Rate
Addison
8.25
0.476
Allen
8.25
0.559
Arlington
8
0.648
Bedford
8.25
0.446882
Benbrook
8.25
0.7425
Carrollton
8.25
0.632875
Colle ville
8.25
0.3474
Co ell
8.25
0.6486
Dallas
8.25
0.7417
Euless
8.25
0.491777
Flower Mound
7.25
0.4497
Fort Worth
8.25
0.865
Frisco
8.25
0.444893
Grand Prairie
8.25
0.669998
Grapevine
7.25
0.3625
Haltom City
8.25
0.5576
N
city
Sales Tax
RateTax
Property
Tax Rate
Haslet
8.25
0.30325
Highland Park
8.25
0.23
Highland Village
8.25
0.56963
Hurst
8.25
0.499
Irving
8.25
0.5479
Keller
8.25
0.44413
Lewisville
8.00
0.45679
No. Richland Hills
8.25
0.57
Plano
8.25
0.4535
Richardson
8.25
0.52516
Richland Hills
8.25
0.435898
Roanoke
8.25
0.37512
Rockwall
8.25
0.3689
Rowlett
8.25
0.747173
Southlake
8.25
0.462
The Colony
8.25 1
0.72
jUniversity Park
1 8.25 1
0.30958
O: Sales Tax
City Sales Use Tax
9/5/2006