FY2022

Long-term Projections:

Employee Benefits revenue is heavily dependent upon property tax revenues. Property tax revenues are estimated to increase by 3.00% in fiscal year 2023, 2.41% in fiscal year 2024, and 3.00% in fiscal years 2025 through 2027. Expenditures are projected to increase at the same level as property tax revenues. A large proportion of expenditures for the Employee Benefits Fund is the transfers out to the General Fund and Road Use Tax Fund to cover personnel benefits expense. These transfers typically grow at the same level as the property tax revenues.

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