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City of Port Arthur, Texas <br /> Fiscal Year 2017 <br /> Annual Operating Budget <br /> October 1, 2016 — September 30, 2017 <br /> Prepared by <br /> The City Manager <br /> And <br /> The Finance Department <br /> This budget will raise more total property taxes than last year's budget by$974,434 or <br /> 5.18%,and of that amount$325,355 is tax revenue to be raised from new property added to <br /> the tax roll this year. <br /> II. The record vote adopting the FY2017 Budget: <br /> For: Derrick Ford Freeman—Mayor; Raymond Scott,Jr.—District 1; Tiffany L. <br /> Hamilton—District 2; Morris Albright,III—District 3; Keith McCurry Richard— <br /> District 4; Willie"Bae" Lewis,Jr.—District 5; Osman Swati—District 6; Charlotte <br /> Moses—Position 7; Kaprina Richardson Frank—Position 8 <br /> Against: None <br /> Absent: None <br /> HI. Tax Rates: <br /> 2015 Tax 2016 Tax <br /> Rates Rates Per <br /> Type of Tax Rate Per$100 $100 <br /> Adopted $ 0.792000 $ 0.792000 <br /> Effective 0.771998 0.787306 <br /> Effective Maintenance & Operations 0.499866 0.486463 <br /> Rollback 0.787892 0.842039 <br /> Debt 0.292134 0.305537 <br /> IV. Total Amount of City Debt Obligations Secured by Property Taxes: $48,695,000 <br /> The above information is provided,pursuant to 83(R)S.B.656, <br /> effective for budgets adopted after September 1,2013. <br />
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