07/12/2017 (2) - Laserfiche WebLink

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Fiscal Year 2017118 Budget highlights The total proposed budget is $327,646,370, a decrease of $18,766,301 or 5.42% from the current year. It should be noted that this is an increase of $19,617,063 or 6.37% from the beginning budget of $308,029,307 for the current year. However, this is still 30.65% 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 2017/18 the tax roll is increasing to $16.3 billion or 7.6% from last year, and is consistent with more moderate increases experienced during the last three years. Recommendations regarding proposed millage rates for fiscal year 2017/18 are. summarized below: Overall, the countywide millage rate is increasing by 1.28%; this is reflective of the General Fund millage rate increasing by 0.0657 mills or 1'.96%, offset by a 5.98% reduction in the Land Acquisition Bond millage. The M.S.T.U. Fund millage rate of 1.0733 remains the same as the current year. The Emergency Services District millage is increasing 2.80%, due primarily to the addition of fire rescue station and replacement capital equipment. • LJ 0 4