How
Will the Proposed Police Department Affect My Taxes? |
|
How the Tax Impact Analysis (Including Tax Differential)
Was Calculated
|
|
| Estimated Expenditures: | $7,479,510 |
| Less: Offsetting Revenues | (562,600) |
| Net Cost of Police Department | $6,916,910 |
| City tax rate to fund Police Department | $0.173 |
| City tax rate to fund Current Contract for Police Services | $(0.011) |
| Net increase in City Tax Rate | $0.162 |
| Less: Change in Tax Differential | $(0.116) |
| Net Increase in Tax Rate (per $100) | $0.046 |