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AUGUST 30, 1994 - BUDGET WORKSHOP # 4 <br />Meeting to be held at Park Building at 6:30 P.M. <br />GOOD NEWS from the County::: Our market value increased 2ii/�y70� <br />This means with NO budget cuts the tax rate increased by only 5.54'7. <br />The following page shows the tax impact with NO changes to the budget, <br />taxes on a $200,000 house would increase $36.33 a year. <br />Before I received the good news Rita Conlin gave me her cuts to the <br />budget (pages 1-7 attached). She reduced the budget $27,100 (the written <br />figures) <br />$27,100 reduced the TAX LEVY INCREASE FROM 9% to 6.54% <br />$27,100 reduced the TAX RATE INCREASE. FROM 5..540/1to 2.44% <br />PRESENT BUDGET WITH NO CUTS: Amount % <br />BUDGET INCREASE BEFORE RESERVE INCREASES $ 122,300 9.97% <br />RESERVE ADDITIONS (same amount as last yrs <br />Equipment Certificate) <br />TAX LEVY INCREASE <br />TAX RATE INCREASE <br />$ 94,300 <br />$ 99,116 9 % <br />1.10 5.54% <br />