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• <br /> STREETS AND HIGHWAYS EXPENDITURES - These expenditures reflect the <br /> costs associated with the maintenance and repair of local highways, streets, bridges, and <br /> street equipment. Common expenditures include patching, seal coating, and snow <br /> removal. Expenditures for road construction are not included in current expenditures but <br /> are accounted for as capital outlay. <br /> TAXABLE TAX CAPACITY - The tax capacity less the tax increment district value, <br /> less the fiscal disparities contribution value,plus the fiscal disparities distribution value. <br /> TAX CAPACITY - The value assigned to the property used to calculate the property <br /> taxes. <br /> TAX INCREMENTS - These revenues refer to the amount of resources cities generate <br /> when they establish tax increment financing (TIF) districts. In a TIF district, the increase <br /> in property tax revenues in the redeveloped area are used to pay the costs of development <br /> and redevelopment in the district rather than the general services of the city, county, and <br /> school district. <br /> TOTAL CURRENT EXPENDITURES - This category reflects the total of all expenses <br /> relating to current operations. <br /> TOTAL EXPENDITURES - This category includes current operating expenses, capital <br /> • outlays, and debt service principal and interest payments. <br /> TOTAL REVENUES - This category reflects all sources of revenue that increase the <br /> amount of available resources without creating a liability or a future payment. Borrowing <br /> and transfers between funds are not included in total revenues. <br /> • <br />