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The proposed property tax rate is 4.8869 mills per $1,000 valuation on taxable property.
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Property values (of assessed properties) decreased 10.3 percent and new construction
and additions increased by 1.1 percent, for a net decrease of 9.2 percent. |
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At the beginning of the FY 2009 budget process, the City's department directors were given target amounts for their operating expenses (excluding personnel costs) that represented, generally, a zero percent increase.
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For FY 2009, the City anticipates total revenue for all Funds to be about $69.3 million. |
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The ad valorem tax revenue fund only a portion of our municipal operations. The City's projected property tax revenue of $16.0 million accounts for 62.5 percent of tax revenue and approximately one-quarter of all revenue.
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