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Budget/Tax Levy Meeting

City of Marshall 2018 Budget/Tax Levy Data Public Hearing November 28, 2017 6:00 P.M. Office of the City Administrator. Budget/Tax Levy Meeting. Initial Hearing. Subsequent Hearing, 5:30 p.m. December 12, 2017.

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Budget/Tax Levy Meeting

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  1. City of Marshall2018 Budget/Tax Levy DataPublic HearingNovember 28, 20176:00 P.M.Office of the City Administrator

  2. Budget/Tax Levy Meeting • Initial Hearing. • Subsequent Hearing, 5:30 p.m. December 12, 2017. • The purpose of this meeting is to present information and to receive public comment on the 2018 Budget. • If you have questions or concerns regarding your property value – those may be addressed with the City Assessor’s Office during regular business hours.

  3. Presentation • Historical Statistics • Levy, Tax Rate, Tax Capacity • Tax Levy Impact Analysis • General Fund, Library, EDA, Debt Service • Tax Dollar Usage

  4. Proposed Tax Levy Tax Base Growth: 1.299% Tax Rate Increase: 3.701% Total Increase 5.000%

  5. 2008-2017 Historical Tax Extension Rate

  6. 2008-2018 Historical Tax Capacity

  7. How does the levy and budget affect how much I pay in Property Taxes?

  8. City Portion of Property Tax*$100,000 EMV / Homestead *If NO change in value 2008-2018 *Based on a 5% Levy Increase

  9. City Portion of Property Tax*$200,000 EMV / Homestead *If NO change in value 2008-2018 *Based on a 5% Levy Increase

  10. City Portion of Property Tax*$300,000 EMV / Homestead *If NO change in value 2008-2018 *Based on a 5% Levy Increase

  11. City Portion of Property Tax *$150,000 Commercial Value *If NO change in value 2008-2018 *Based on a 5% Levy Increase

  12. City Portion of Property Tax *$500,000 Commercial Value *If NO change in value 2008-2018 *Based on a 5% Levy Increase

  13. City Portion of Property Tax *$3,000,000 Commercial Value *If NO change in value 2008-2018 *Based on a 5% Levy Increase

  14. Draft 11/7/17

  15. General Fund REVENUE COMPARISONS 2016 - 2018 Draft 11/7/17

  16. 2018 Marshall Property Tax Levy Draft 11/7/17

  17. 2018 ProposedUse of Property Tax Revenue Draft 11/7/17

  18. Draft 11/7/17

  19. General Fund EXPENDITURE COMPARISONS 2017-2018 Draft 11/7/17

  20. General Fund EXPENDITURE COMPARISONS 2017-2018 Draft 11/7/17

  21. Economic Development Draft 11/7/17

  22. Enterprise Funds Draft 11/7/17

  23. City of Marshall2018 Budget & Levy Public HearingTuesday, November 28, 2017 – 6:00 P.M.Professional Development Room Marshall Middle School, 401 South Saratoga Street Public Hearing on 2018 Budget & LevyA. Staff PresentationB. Public Comment Adoption of 2018 Property Tax Levy/Budget: Regular City Council Meeting December 19, 2017 6:30 P.M.Marshall Middle School, 401 South Saratoga Street

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