"Tax base growth is projected at 1.23% for FY 12-13,
based on projections provided by the Guilford County Tax Department.
FY 12-13 includes the impacts
from the 2012 county revaluation of property.
The second-year budget is balanced with a 65.25 cent tax rate,
the equivalent of a two cent rate increase
over the adopted rate for FY 12-13.
"The FY 11-12 Adopted Budget is balanced
with a property tax rate of 63.25 cents, the same rate as FY 10-11.
$153,319,025 divided by 63.25 = 2,424,016.21 per "cent" of tax?
2,424,016.21 + 153,319,025 = $155,743,041.21
The second year projected budget for the General Fund is balanced
with a projected one cent (1.0) tax rate increase.
2012-13 projected property tax = $157,332,901
2011-12 City of Greensboro Adopted Budget
http://www.greensboro-nc.gov/modules/showdocument.aspx?documentid=10071
Where does the extra $2 million come from?
How much are the actual appropriated cash reserves for these years?
For the 13-14 planning year, valuation growth is projected at 1.5%.
156,568,660 + 1.5% = $158,917,190
2013-14 projected property tax = $163,690,085
$4,772,895 difference.
The second-year budget is balanced with a 65.25
cent tax rate, the equivalent of a two cent rate
increase over the adopted rate for FY 12-13.
$2,424,016.21 x 2 = $4,848,032.42
http://www.greensboro-nc.gov/modules/showdocument.aspx?documentid=15771
If the City of Greensboro spent $15 million of savings last year
but plans to spend none this year,
would the above numbers remain the same?
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