FY2022

3 Months @ Sept. 30

Receipts Expenditures Shortfall

FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011

9,621,807 $

$

14,521,703 15,862,567 15,455,184 14,422,373 15,727,049 13,341,071 13,309,505 15,145,130 16,725,202 15,441,933 13,778,695

(4,899,896) (6,345,107) (5,622,069) (6,563,329) (7,809,640) (2,938,080) (6,145,918) (3,439,498) (6,997,998) (3,351,443) (4,802,315)

9,517,460 9,833,115 7,859,044 7,917,409 10,402,991 7,163,587 11,705,632 9,727,204 12,090,490 8,976,380

D. Long-term Projections Future property tax revenues were projected to grow 3.00% for fiscal year 2023, 2.41% for 2024, 3.00% in fiscal year 2025 through fiscal year 2027. Odd numbered years are re-evaluation years, which typically lead to higher growth rates. The overall annual growth rates include individual property class assessed value growth ranging from 0 – 5%, as well as changes in the rollback percentages. The Multi-Residential Property Class rollback will continue to decrease until it aligns with the Residential Rollback in fiscal year 2024. All other revenues were projected at a flatline. Future expenditures were projected with the assumptions that personnel related expenditures would grow at a 3% rate annually and services and supplies would grow at a 2% rate annually.

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