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2022 Tax Rate Calculation WorksheetForm 50859School Districts without Chapter 313 Agreements Leonard ISD ___ School Districts Name(903) 5872318 ___Phone (area code and number)1 Tiger Alley, Leonard,

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How to fill out no new revenue rate

01

Determine the current revenue amount.

02

Identify any factors that may affect the revenue in the future.

03

Calculate the expected revenue for the next period.

04

Compare the expected revenue to the current revenue and determine if there will be any new revenue generated.

05

If there is no new revenue, calculate the no new revenue rate by dividing the expected revenue by the current revenue.

Who needs no new revenue rate?

01

Business owners who want to understand their revenue growth potential without taking into account any new revenue sources.

02

Financial analysts who are evaluating the company's performance and need to calculate the revenue growth rate accurately.

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What is no new revenue rate?

No new revenue rate is the rate at which the government entity does not generate any additional revenue compared to the previous fiscal year.

Who is required to file no new revenue rate?

Government entities such as municipalities, counties, and school districts are required to file the no new revenue rate.

How to fill out no new revenue rate?

The no new revenue rate is typically calculated by comparing the total revenue generated in the current fiscal year to the total revenue generated in the previous fiscal year.

What is the purpose of no new revenue rate?

The purpose of the no new revenue rate is to ensure that government entities are not increasing their revenue without proper justification and approval.

What information must be reported on no new revenue rate?

The report must include details of the total revenue generated in the current and previous fiscal years, as well as any exceptions or justifications for any increase in revenue.

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