07/13/2016 (2) - Laserfiche WebLink

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Fiscal Year 2016/17 Budget Highlights The total proposed budget is $308,029,307, a decrease of $33,718,474 or 9.9% from the current year. It should be noted that this is an increase of 10.0% from the beginning budget of $279,999,908 for the current year. However, this is still 34.8% below the approved FY 2006/07 amount of $472,420,328. A detailed all - fund expense summary is contained in the exhibits following this message (pages 23 and 24). The chart below shows continued recovery in the County tax roll, following a significant drop during the "Great Recession". For FY 16/17 the tax roll is increasing to $15.2 billion or 6.2% from last year, .and is consistent with more moderate increases experienced during the last three years. • There are only nominal changes in the proposed millage rates for fiscal year 2016/17. Overall, the countywide millage rate is decreasing slightly by 0.5%; this is reflective of the General Fund millage rate remaining the same as the current year, and a 5.2% reduction in the Land Acquisition Bond millage. The M.S.T.U. Fund millage rate remains the same as the current year. The Emergency Services District millage is increasing 2.0% due primarily to the addition of a new fire rescue station and replacement capital equipment. There are no proposed rate increases in the Solid Waste assessments or in water and sewer utility,rates. • 4