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2016 Approved Budget and CIP
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2016 Approved Budget and CIP
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2/2/2018 11:21:24 AM
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2011 Tax Levy Distribution <br />General Govt., <br />Parks & <br />11% <br />Recreation,19% <br />Public Works, <br />21% <br />Police,37% <br />Fire,12% <br />We can also depict the year-by-year changes in the overall tax levy to not only gauge taxpayer impact <br />over time, but to also demonstrate what’s driving property tax changes. The following chart depicts the <br />tax levy by type since 2001. <br />Tax Levy by Type <br />2001-2015 <br />$2 <br /> $20 <br />Millions <br />$3 <br /> $18 <br />$2 <br /> $16 <br /> $14 <br />$1 <br /> $12 <br />$1 <br /> $10 <br /> $8 <br /> $6 <br /> $4 <br /> $2 <br /> $- <br />200120022003200420052006200720082009201020112012201320142015 <br />OperationsCapitalDebtState-Aid Loss <br />As show in this chart, the overall tax levy has risen significantly in the past 15 years. However, the major <br />drivers behind these increases is due to two primary factors: 1) the loss of state-aids and other non-tax <br />revenues, and 2) the need for capital reinvestment. <br />Since 2001, the City has lost nearly $2 million annuallyin various state-aids necessitating an increase in <br />the tax levy to maintain programs and services levels. During this same period, the tax levy needed to <br />support capital investment (including debt-financed capital replacements) has risen from $2 million per <br />12 <br /> <br />
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