ADOPTED ANNUAL BUDGET & PROGRAM OBJECTIVES
BudgetAI Summary
The City of Fort Worth adopted its FY2023 annual budget, which increases property tax revenue by $73,009,942 (11.4 percent) compared to the previous year, with $19,583,878 from newly added property. The municipal property tax rate was reduced from $0.7325 to $0.7125 per $100 valuation, while total outstanding municipal debt obligations secured by property taxes stands at $1,114,604,718. The budget passed with a 7-2 vote, with Mayor Mattie Parker and five council members voting in favor and two voting against.
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More budgets from Fort Worth
- Budget
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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