This budget will raise more revenue from property taxes than last year’s budget by an amount of $5,342,066 which is a 8.08 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 $934,900.
The members of the governing body voted on the budget as follows: FOR: Stretcher Burkes, Blong, Dufford, Ladd, Norman AGAINST: Corrales, Poole
Property Tax Rate Comparison:
Adopted Tax Rate
Voter-Approval Tax Rate
Interest & Sinking (Debt Service)
Total debt obligation for City of Midland secured by property taxes: $12,413,902