If Guilford County's 2010-11 actual property taxes were:
$327,813,564
while 2011-12's budget is projected to be about
$343,607,100
why is 2012-13's projected budject expected to bring in
$348,000,000
while 2013-14's is expected to be
$393,370,000?
Where is the $49,762,900 of new property taxes
inside of two years going to come from?
How much came from Guilford County Real Estate Revaluations?
Where is the 12.65% more going to come from
or did it already come and most don't know it?
"The FY 2012-13 budget assumes an overall collection rate of approximately 96.93%,
or about one percentage point below the estimated rate for the current year."
1 comment:
"In FY 2013-14, the county will face additional increases in debt service on voter-approved bonds,
an expected decrease in available fund balance, and increased personnel and operating costs. As
a result, assuming no changes to current budget policies are made by the Board, an
estimated tax rate increase of 9.7 cents would be required to balance the FY 2013-14
budget."
http://countyweb.co.guilford.nc.us/downloads/Budget%20Information/FY12-13%20Adopted%20Budget/15%20-%20GF%20Revenue%20Summary%20-%20ADOPTED%20FY%2013.pdf
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