General Fund Revenue Sources
In any one year, the City of Lewisville receives approximately $20 million dollars from property taxes. Property Tax makes up approximately 1/3 of the revenue in the City’s General Fund budget. The remaining dollars are made up of sales tax (approximately 1/3) and franchise fees and other taxes, fines, recreation fees, licenses and permits, and miscellaneous charges for services (approximately 1/3).
To gain a perspective on what can be funded using the $20 million dollars in property taxes annually, following is a breakdown of normal expenses in any given fiscal year in the City’s General Fund.
As you can see from the above list, $20 million dollars in property taxes barely funds police services. It takes property tax plus all of the other sources of revenue to fully fund the services provided by the City.