Page 10 - Approved Annual Budget FY 2019-2020_Flat
P. 10
City of McAllen
Fiscal Year 2019-2020
Budget Cover Page
September 23, 2019
This budget will raise more revenue from property taxes than last year's
budget by an amount of $2,795,283, which is a 6.47 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 $654,655.
The members of the governing body voted on the budget as follows:
FOR:
AGAINST:
PRESENT and not voting:
ABSENT:
Property Tax Rate Comparison
2019-2020 2018-2019
Property Tax Rate: $0.495677/100 $0.479234/100
Effective Tax Rate: $0.467220/100 $0.471322/100
Effective Maintenance & Operations Tax Rate: $0.413089/100 $0.439946/100
Rollback Tax Rate: $0.516017/100 $0.527556/100
Debt Rate: $0.055555/100 $0.039112/100
Total debt obligation for City of McAllen secured by property taxes: $5,153,570
