City of Coppell, Texas - File #: 2020-5280

• File #: 2020-5280
• Version: 1
• Name: Tax Revenue Ratification FY 2020-21
• Type: Agenda Item
• Status: Passed
• File created: 8/28/2020
• In control: Finance
• On agenda: 9/15/2020
• Final action: 9/15/2020
• Title: Consider ratification of the vote on the FY 2020-21 annual budget which results in more revenue from ad valorem taxes than the previous year.

Date	Ver.	Action By	Action	Result
9/15/2020	1	City Council	Approved

Title

Consider ratification of the vote on the FY 2020-21 annual budget which results in more revenue from ad valorem taxes than the previous year.

Summary

See attached memorandum

Fiscal Impact:

The property tax revenue increase is $1,224,170 which is a 2.58% increase from last year’s budget.  The property tax revenue to be raised from new property added to the tax roll this year is $1,770,734.

Staff Recommendation:

The Finance Department recommends approval.

Goal Icon:

Sustainable City Government