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 ($94,356,357 - $936,486
= $93,419,871). The property tax budget is based on
the 11/25/03 assessed valuation of $4,697,150,375.
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,
various other fees, rents, and charges for
services.
Fund Balance
The most significant
use of fund balance, over $10.8 million, is from the Open Space Fund. Bond
proceeds from 2002 are budgeted in 2004 for land
acquisitions. The Social Services Fund, Emergency Rescue
Services Fund, Fire Training Centers Fund, and Conservation Trust Fund
will also use some of their available fund
balance in 2004.
