AGENDA DATE: 4/16/2019
TITLE:
Title
Approval of Calendar Year 2019 Tax Rates and Adoption of the FY 20 Operating and Capital Budget
BODY
SUBJECT/PROPOSAL/REQUEST: Request Board approval of the Calendar Year 2019 Tax Rates and adoption of the FY 20 Operating and Capital Budget
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Kamptner, L. Allshouse, and Bowman
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On February 15, 2019, the County Executive presented the Recommended FY 20 Operating and Capital Budget to the Board of Supervisors. On February 19, 2019, the Board held a Public Hearing on the County Executive's Recommended Budget and then had several public Work Sessions and Town Hall meetings. On March 4, 2019, the Board authorized the advertising of a $0.854/$100 real estate tax rate for the 2019 Tax Year. On April 9, 2019, the Board held a Public Hearing on the Board of Supervisors' Proposed Budget and a Public Hearing on the 2019 Tax Year tax rates.
STRATEGIC PLAN: Mission: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds.
DISCUSSION: The FY 20 Operating and Capital Budget for the Board's approval on April 16, 2019 totals $456,895,261 and is based upon the proposed real estate tax rate of $0.854 per $100 of assessed value for the 2019 Tax Year. This is an increase of $51,950 over the County Executive's Recommended Budget of $456,843,311 and reflects changes made during the Board's work sessions and Board meetings. The revenue and expenditure changes totaling $51,950 made to the County Executive's Recommended Budget are summarized on the following table:
Revenue Adjustments
Source
Fund
Amount
State Revenue
General Fund
$25,150
Federal Revenue
Housing Assistance Fund
26,800
Total Revenue Adjustments
$51,950
Expenditure Adjustments
Fund
Item
Amou...
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