CITY OF FORT WORTH, TEXAS FY2022
BudgetAI Summary
The City of Fort Worth's FY2022 Recommended Annual Budget document outlines a budget increase of $42,924,585 (7.19% above the prior year), with $24,063,165 derived from newly added property to the tax roll. The city's proposed fiscal year 2022 tax rate is $0.73250 per $100 of assessed valuation, a decrease from the FY2021 rate of $0.74750 per $100 of assessed valuation. The budget document includes organizational information, budget development details, and the city's strategic vision and budget processes.
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The City of Fort Worth adopted its Fiscal Year 2024-2025 Annual Budget, which increases property tax revenue by $11,601,369 (1.58 percent) compared to the previous year, with an additional $25,987,428 expected from newly added properties. The City Council unanimously approved the budget with all 11 members voting in favor. The municipal property tax rate remains unchanged at $0.672500, while the total outstanding municipal debt obligations secured by property taxes stands at $1,335,366,771.
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