Proposed FY2016-17 Budget

CITY OF DESOTO, TEXAS

Fiscal Year 2016-17 Proposed Budget

This budget will raise more revenue from property taxes than last year's budget by an amount of $2,264,175, which is a 9.35 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 $853,841. The members of the governing body voted on the budget as follows: FOR: Mayor Curtistene S. McCowan Virgil Helm Deshaundra Lockhart Jones Mayor Pro Rachel Proctor Dick North Candice Quarles James Zander AGAINST: N/A PRESENT and not voting: N/A ABSENT: N/A Property Tax Rate Comparison 2016-2017 2015-2016 Property Tax Rate: $0.744900/100 $0.749900/100 Effective Tax Rate: $0.702805/100 $0.730232/100 Effective Maintenance & Operations Tax Rate: $0.494615/100 $0.513382/100 Rollback Tax Rate: $0.742795/100 $0.763194/100 Debt Rate: $0.210000/100 $0.225000/100 Total debt obligation for City of DeSoto secured by property taxes: $ 7,186,038.

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