Property Taxes*
Property tax increases are limited to the lesser of (1) 5.5%, plus an allowance for new construction or (2) the prior year CPI-U plus new construction. The tax levy is set by the Board of Commissioners, however, it cannot be increased without approval of the electors. The revenue budget reflects net property tax which is total minus uncollectibles ($72,751,467 - $723,199 = $ 72,028,268). The property tax budget is based on the 12/02/99 assessed valuation of $3,696,345,210.
Intergovernmental Revenues
These revenues are primarily Federal and State pass through monies for welfare Revenues programs, state-shared monies for roads, state lottery proceeds, other various government programs, and grant programs.
Other Revenues
Major "other revenues" include bond proceeds, sales taxes, specific ownership taxes, motor vehicle fees, recording and filing fees, Treasurer's fees, building permits, interest earnings, and various other fees, rents, and charges for services.
Fund Balance
The most significant use of fund balance is in the Recycling Fund. Sales tax was collected in previous years for construction of a facility that is budgeted in 2000. The Social Services Fund, Capital Expenditure Fund and Road & Bridge Fund will also use some of their available fund balance.