Grapevine City Council approves FY2020-21 budget, plans to vote on tax rate Sept. 15

(Courtesy Fotolia)
(Courtesy Fotolia)

(Courtesy Fotolia)

The city of Grapevine approved its fiscal year 2020-21 budget at a Sept. 1 meeting.

The budget includes $64.5 million for the city’s general fund, $24.2 million for the utility enterprise fun, and $20.3 million for the convention and visitors bureau fund, among nine other funds.

The next and final step for City Council is to adopt the FY2020-21 tax rate at its Sept. 15 meeting. That rate is proposed as $0.282601 per $100 valuation.

The city's current property tax rate is $0.284271 per $100 valuation. For a city of Grapevine’s size, its tax rate is among the lowest in the state, according to officials.

“Grapevine is the second lowest property tax in Texas for full-service cities with populations over 50,000,” Chief Financial Officer Greg Jordan said at an Aug. 18 meeting.


See the approved budget below:

By Gavin Pugh
Gavin has reported for Community Impact Newspaper since June 2017. His beat has included Dallas Area Rapid Transit, public and higher education, school and municipal governments and more. He now serves as the editor of the Grapevine, Colleyville, Southlake edition.


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