Fiscal Year 2017-18 Proposed Budget City of DeSoto Texas

CITY OF DESOTO, TEXAS

Fiscal Year 2017-18 Proposed Budget This budget will raise more revenue from property taxes than last year's budget by an amount of $1,417,518, which is a 5.34 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 $621,729. The members of the governing body voted on the budget as follows: FOR: Mayor Curtistene S. McCowan Virgil Helm Deshaundra Lockhart Jones Mayor Pro Tem Rachel Proctor Dick North Candice Quarles AGAINST: N/A PRESENT and not voting: N/A ABSENT: N/A Property Tax Rate Comparison 2017-2018 2016-2017 Property Tax Rate: $0.739900/100 $0.744900/100 Effective Tax Rate: $0.717149/100 $0.702805/100 Effective Maintenance & Operations Tax Rate: $0.516718/100 $0.494615/100 Rollback Tax Rate: $0.760251/100 $0.742795/100 Debt Rate: $0.199900/100 $0.210000/100 Total debt obligation for City of DeSoto secured by property taxes: $ 7,499,383.

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