CITY OF LAKE JACKSON Fiscal Year 2021-2022 B u d g e t Co v e r P a g e This budget will raise more revenue from property taxes than last year's budget by an amount of $435,295, which is a 5.23 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 $80,101. The members of the governing body voted on the budget as follows: FOR: Jon “J.B.” Baker Matthew Broaddus R.L. “Buster” Buell III Gerald Roznovsky Rhonda Seth Vinay Singhania AGAINST: 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:
2020-2021 2021-2022 $0.328977/100 $0.339000/100 $0.328977/100 $0.324735/100 $0.219301/100 $0.231782/100 $0.358456/100 $0.339662/100 $0.109676/100 $0.107218/100
Total debt obligation for CITY OF LAKE JACKSON secured by property taxes: $30,970,000
FY 2021-2022 Adopted Budget - 1