  |
|
|
CHANGES IN REVENUES FY2002 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 $1,456,068 to $21,037,636. B. Interest, Charges, Licenses & Permits increased by $569,584 to $4,667,285. C. Federal, State, and Local Governments increased by $564,915 to $15,567,689. 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 FY00 while included in Interest, Charges, Licenses & Permits for FY01 and FY02. The gas and electric excise tax for FY02 is $636,318. Without this reclassification, Net Current Property Taxes would have increased $2,092,386 instead of $1,456,068 and Interest, Charges, Licenses & Permits would have decreased $66,734 instead of increased $569,584. Page 5 |
|
