Earlier today I posted that Monroe County budget adoption begins tonight at 5:30PM, but wasn’t able to post the proposed budgets, tax rates, and levies because of some glitches in the numbers. Now the final numbers are available that the Council will be considering tonight.
The first table shows the proposed budgets, property tax levies, and property tax rates (per $100 of net assessed value) for so-called controlled funds (funds that are reviewed by the Indiana Department of Local Government Finance — DLGF).
Note that while the adopted budget and tax levies will be accurate, the tax rates to be adopted will be higher than the actual tax rates ultimately imposed. This is because the adopted tax rates use a conservative estimate of the total net assessed value (85% of last year’s value). So the actual tax rates will be lower than the rates to be adopted.
In addition to these controlled funds, the Council will adopt the budgets for a number of funds that are so-called home rule funds, in which the DLGF does not review the budget.
Revenue for these home-rule funds come from a variety of sources. The Juvenile Facility COIT and Public Safety LOIT funds both receive revenue from income taxes. Many others receive income from fees for service (Stormwater, Convention Center Revenue), fines and fees (Diversion User Fees, Court Alcohol/Drug Svcs Fees), and innkeeper’s tax (Convention Center Debt).
The council will hold a first reading on the above budgets, rates, and levies tonight at 5:30 PM in the Nat U Hill Room, and will hold the second reading and final vote tomorrow (Wednesday) at 5:30 PM, in the same location. Hope to see you there!
On Tuesday (10/11/2016) and Wednesday (10/12/2016), the County Council will adopt Monroe County’s 2017 budget. Tuesday will feature first reading of the budget, including council discussion and public comment. Wednesday will feature final adoption of the budget. In addition to adopting the budget, the Council will also be adopting the 2017 property tax rates and levies, as well as the 2017 salary ordinance for county employees.
The Council is considering a $67,975,340 overall budget for 2017. This is spread across 51 different funds, the General Fund being the largest by a long shot, at $32,059,390.
There are a few numbers in the state Gateway system that are still being corrected this morning, so I’m not yet publishing the complete list of budgets and tax rates and levies (but will later this morning).
Here is the General Fund budget to be adopted by the Council tonight and tomorrow night:
Note: This chart is $2 off from the official Gateway numbers to be adopted, due to differences in rounding methodology, but it shows the budget in a more compact form than the official Gateway reports.
I’ll publish more numbers as they are available, including the proposed tax rates and levies, and the Public Safety Local Income Tax budget.
Budget Adoption begins tonight (Tuesday) at 5:30 PM in the Nat U Hill room of the Monroe County Courthouse. Public comment will be taken, and the meeting will be broadcast on CATS. The budget adoption meeting will be followed by a regular meeting of the Monroe County Council.