City of Mexia - Fiscal Year 2020-2021 Adopted Budget

"THIS BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES THAN LAST YEAR'S BUDGET BY AN AMOUNT OF $205,492 WHICH IS A 7.76 PERCENT INCREASE FROM LAST YEAR'S BUDGET AND OF THAT AMOUNT $2,190 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR."

"THE CITY OF MEXIA ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS AND DEBT SERVICE THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 7.77 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS AND DEBT SERVICE ON AN AVERAGE HOMESTEAD BY $51.73."