General Fund Revenue Sources
In any one year, the City of Lewisville receives approximately $37 million dollars from property taxes. Property Tax makes up approximately 36.9% of the revenue in the City’s General Fund budget. The remaining dollars are made up of sales tax (approximately 30.5%) and franchise fees and other taxes, fines, recreation fees, licenses and permits, and miscellaneous charges for services (approximately 32.6%).
To gain a perspective on what can be funded using the $37 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, $37 billion dollars in property taxes does not cover public safety expenditures. It takes property tax plus all of the other sources of revenue to fully fund the services provided by the City.