HomeMy WebLinkAboutItem 01 - Budget �lql os—
Property Value Summary for Tax Year 2005(FYE 2006)
Tax Rate Calculation Basis
Total Appraised and Assessed Value $ 6,223,851,162
Less Ag Deferral&Exemptions (980,372,525)
Certified Net Taxable 5,243,478,637
Less TIF Increment (485,366,688)
Net Taxable less TIF 4,758,111,949
Plus Protested Value 102,389,255
Plus Values Not Included on Roll 48,328,056
2005 Taxable Value for Rollback 4,908,829,260
Less New Construction (89,497,962)
2005 Taxable Value for Effective Tax Rate 4,819,331,298
Budgeted Basis
Net Taxable 5,243,478,637
Plus Protested Value 102,389,255
Plus Values Not Included on Roll 48,328,056
Basis for calculating Budget 5,394,195,948
Budgeted Rate 36.25
Potential Levy 19,553,960
Allocated to Debt Service (12,620,806)
Balance to General Fund @ 99% 6,863,823
FAMI
Immm
7,000,000
NIUITITOXITITIN
5,000,000
I �f �11
3,000,000
2,000,000
1,000,000
0
M Occupancy Taxes
Hotel / Motel Occupancy Taxes
Fiscal Year
FY 97
FY 98
FY 99
FY 00
FY 01
FY 02
FY 03
FY 04
FY 05
FY 06
2,900,159
3,280,344
3,495,409
4,108,943
3,970,383
3,365,445
3,380,659
4,931,201
7,447,873
8,301,900
Fiscal Year
t5'
AC-6d1 —
Estimated costs for moving
City pay scales to higher
percentiles
(salary plus benefits)
Total cost of moving Total cost of moving Total cost of moving
to 50th percentile to 60th percentile to 60th percentile
Fund over two years over two years over three years
General Fund
Year one $ 2,115,935 $ 2,357,962 Yr 1 $ 1,947,476
Year two 2,416,490 2,720,132 Yr 2 $ 2,197,116
Total $ 4,532,425 $ 5,078,094 Yr 3 $ 2,285,741
Total $ 6,430,333
All other funds
Year one $ 533,037 $ 619,800 Yr 1 $ 519,620
Year two $ 620,409 $ 732,692 Yr 2 $ 590,106
Total $ 1,153,446 $ 1,352,492 Yr 3 $ 655,516
Total $ 1,765,242
Total Budgetary impact
Year one $ 2,648,972 $ 2,977,762 Yr 1 $ 2,467,096
Year two 3,036,899 3,452,824 Yr 2 2,787,222
Total $ 5,685,871 $ 6,430,586 Yr 3 2,941,257
Total $ 8,195,575