“We’ve made good allocations to start making some serious infrastructure improvements,” Anthony said. “We made great strides in bringing fiscal responsibility and long-term planning to the city.”
General fund total revenue: $5.81 million
Taxes – $4.54 million
Permits – $140,000
Fees – $711,000
Fines and warrants – $209,300
Interest and miscellaneous revenue – $211,585
General fund total expense: $6.87 million
Administration – $1.18 million
Police – $2.05 million
Public works – $1.64 million
Municipal court – $273,119
Capital outlay – $1.74 million
Last year the general fund total revenue was $5.56 million, less than this year’s projected amount. The general fund expenditure for 2017-18 was $5.84 million, also less than this year's projected expenses.
Click the images to see the city’s graphic breakdowns of general fund revenue and expense:
The proposed property tax rate increased from $.065 to $.07 per $100 valuation, meaning this budget will raise more revenue from property taxes than last year’s budget by about $226,000—a 17.86 percent increase from last year’s budget.
The estimated tax revenue to be raised from new property added to the tax roll this year is about $26,800.
