Proposed Monroe County Budget, Tax Rates, and Levies for 2017

11 Oct

2016 County Council MembersEarlier 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.

2017 Proposed Budgets, Tax Levies, and Tax Rates for Controlled Funds

2017 Proposed Budgets, Tax Levies, and Tax Rates for Controlled Funds

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.

2017 Monroe County Home Rule Funds

2017 Monroe County Home Rule Funds

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!

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