City of Coppell, Texas - File #: 2019-4711

• File #: 2019-4711
• Version: 1
• Name: Tax Revenue Ratification FY 2019-20
• Type: Agenda Item
• Status: Passed
• File created: 8/30/2019
• In control: Finance
• On agenda: 9/10/2019
• Final action: 9/10/2019
• Title: Consider ratification of the vote on the FY 2019-20 annual budget which results in more revenues from ad valorem taxes than the previous year.

Date	Ver.	Action By	Action	Result
9/10/2019	1	City Council	Approved

Title

Consider ratification of the vote on the FY 2019-20 annual budget which results in more revenues from ad valorem taxes than the previous year.

Summary

See attached memorandum.

Fiscal Impact:

The property tax revenue increase is $3,500,836, which is an 8.05% increase from last year’s budget.  The property tax revenue to be raised from new property added to the tax roll this year is $2,027,528.

Staff Recommendation:

The Finance Department recommends approval.

Goal Icon:

Sustainable City Government