Now that we have examined the amounts and proportions of the sources of revenue for the new budget we will examine the ways in which the proposed budget differs from the year that preceded it. We will do that by examining the same three categories discussed on the previous two pages from the perspective of change. The changes in those categories are also graphically depicted on the next page.

A. Net Current Property Taxes increased by $585,529 to $19,581,568.

B. Interest, Charges, Licenses & Permits increased by $861,575 to $4,097,701.

C. From Federal, State, and Local Governments increased by $2,050,748 to $15,002,774.

Footnote:

Starting in FY01, property taxes on gas and electric utility companies are being replaced with excise taxes based on energy delivered. For comparison purposes, taxes on gas and electric companies are included in Net Current Property Taxes for FY99 and FY00 while included in Interest, Charges, Licenses & Permits for FY01. The gas and electric excise tax for FY01 is $618,966. Without this reclassification, Net Current Property Taxes would have increased $1,204,495 instead of $585,529 and Interest, Charges, Licenses & Permits would have increased $242,609 instead of $861,575.

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