Property
Taxes*
Property
tax increases are limited to the lesser of (1) 5.5%, plus an allowance for
new construction
or
(2) the TABOR limit of the prior year plus the CPI-U and 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
($78,183,325 -771,829
=
$77,411,496). The property tax budget is based on the 12/04/01 assessed
taxable valuation of
$4,436,940,270.
Intergovernmental
These
revenues are primarily Federal and State pass through monies for social
service 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 Open Space Fund. Bond
proceeds from the
previous
year for land acquisitions are budgeted in 2002. The Emergency Rescue
Services Fund,
Recycling
Fund, Social Services Fund and Worthy Cause Fund will also use some of
their available
fund
balance in 2002.
