ADOPTED BUDGET — FY 2019-2020 City of La Marque Adopted FY 2019-2020 Budget
CITY OF LA MARQUE, TEXAS ADOPTED BUDGET — FY 2019-2020 City of La Marque Adopted FY 2019-2020 Budget City of La Marque, Tx Fiscal Year 2019-20 Adopted Budget Cover Page This budget will raise more revenue from property taxes than last year's budget by an amount of $1,067,494, which is a 24 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 $200,538. The members of the governing body voted on the adopted budget were as follows: FOR: Bobby Hocking, Mayor Keith Bell, Mayor Pro-Tem/District A Chris Lane, District B Robert Michetich, District C Casey McAuliffe, District D AGAINST: 0 PRESENT and not voting: 0 ABSENT: 1 PRESENT: 4 Property Tax Rate Comparison 2019-20 2018-19 Property Tax Rate: $0.550764/100 $0.490764/100 Effective Tax Rate: $0.464697/100 $0.485918/100 Effective Maintenance & Operations Tax $0.552871/100 $0.606633/100 RollbackRate: Tax Rate: $0.553554/100 $0.561158/100 Debt Rate: $0.094190/100 $0.075362/100 Total debt obligation for City of La Marque, Texas secured by property taxes: $14,437,000. i City of La Marque Adopted FY 2019-2020 Budget CITY OF LA MARQUE MISSION STATEMENT On behalf of the citizens of La Marque the City Council shall assure the safety, health, and well-being of our community within the bounds of fiscal responsibility while preserving and advancing the quality of life for its citizens. ii City of La Marque Adopted FY 2019-2020 Budget Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to City of La Marque, Texas, for its Annual Budget for the fiscal year beginning October 1, 2018.
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