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<br /> a PUBLIC HEARING MIPIUTES OF SEPTEMBER 7, 1977 Page 4
<br /> • Revenue Source Original Revised Chan�e
<br /> y General Property Taxes $ 553, 759 $ 538, 045 $(15, 714)
<br /> � Licenses & Permits 30, 000 30, 000 --
<br /> Federal Revenue 56, 000 56, 000 --
<br /> � Fines & Forfietures 12, 000 12, 000 --
<br /> � Shared Taxes 142, 605 158, 319 15, 714
<br /> Highway Users 12, 200 12, 200 --
<br /> � Contract Income (Police) 94, 059 79, 550 (14, 509)
<br /> � Contract Income (Inspection) 1, 000 1, 000 -- .
<br /> Town Aid 14, 000 14, 000 -- �
<br /> � Transfer Liquor 35, 000 35, 000 --
<br /> � I}utch Elm Program 10, 500 10, 500 --
<br /> • Sub-Total $ 961, 123 $ 946, 614 $ (14, 509)
<br /> Reverse Referendum 55, 376 69, 636 14, 260
<br /> � TOTAL Sl� 016, 499 1 016, 250 S �4�
<br /> • - --
<br /> � The effect of these various changes on the budget deficit is
<br /> as follows:
<br /> � -
<br /> ` Original Revised Chan�e
<br /> . Proposed Budget $ 1, 042, 228 $ 985, 538 $ (56, 690)
<br /> Revenue Source without
<br /> � Reverse Referendurn 961 , 123 946, 614 (14, 509) .
<br /> � Surplus/(Deficit) S (81 , 105) $ (38, 924) $ 42. 181
<br /> •
<br /> • Proposed Budget $ 1, 042, 228 $ 985, 538 $ (56, 690)
<br /> Revenues Source with
<br /> � Reverse Referendum 1, 016, 499 1 , 016, 250 (249)
<br /> � Surplus/(Deficit) ,��5, 729) � 30, 712 �56, 441
<br /> •
<br /> � Mill Rate:
<br /> � The total mill rate for 1977 was 12. 418 including all levies.
<br /> � Based on the assessed values available at this time, the new
<br /> • mill rates for 1978 total 11 . 578 without the reverse referendum
<br /> and 13. 017 with the reverse referendum. Please note that for
<br /> � taxes payable in 1978 the County will be determining the total
<br /> • assessed valuation of the City using a new formula. The mill
<br /> rates I have noted in this memo are based on the new assessed
<br /> � valuation but under the old formula because the conversion has
<br /> � not been made as of this date.
<br /> �
<br /> �
<br /> (Continued)
<br /> �
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