CITY OF LAKE JACKSON Fiscal Year 2023-2024 Budget Cover Page This budget will raise more revenue from property taxes than last year’s budget by an amount of $252,506, which is a 4.43 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 $45,780. The members of the governing body voted on the budget as follows: FOR: Jon “J.B.” Baker Matthew Broaddus Gerald Roznovsky Rhonda Seth Vinay Singhania
AGAINST: Chase Blanchard PRESENT and not voting: ABSENT:
Property Tax Rate Comparison Property Tax Rate: No-New-Revenue Tax Rate: No-New-Revenue Maintenance & Operations Tax Rate: Voter-Approval Tax Rate: Debt Rate:
2022-2023 $0.323121/100 $0.310459/100
2023-2024 $0.327173/100 $0.277211/100
$0.223572/100 $0.326457/100 $0.099549/100
$0.200663/100 $0.337422/100 $0.126510/100
Total debt obligation for CITY OF LAKE JACKSON secured by property taxes: $23,730,980