Item 17: Property Tax Revenue Increase

[COSM_Admin]

Consider approval of Resolution 2023-152R, ratifying the property tax revenue increase in the budget for the fiscal year October 1, 2023 through September 30, 2024; and providing an effective date.

 

[JHughson]

The presentation shows:
Total tax revenue increase is $5,947,057; New property $2,756,989
Is the TOTAL $5,947,057 of which $2,756,989 is new?
Or do we need to add these two numbers to see the full increase?
It's not clear on the slide.

 

[COSM_Admin]

Response provided by Finance Director Jon Locke:
The total is $5,947,057 of which $2,756,989 is new.