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Vehicle License Fees (VLF) <br /> and Property Tax in Lieu of VLF <br /> <br /> 6.0 <br /> 5.0 ,," <br /> 4.0 .0 ..... <br /> <br />§ 3.0 <br />.'----_- 2.0 <br />2 1.0 <br />0.0 · · _' -' '- -', - / <br /> 97-98 98-99 99-00 00-01 01-02 02-03 03-04 04-05* 05-06* 06-07* <br /> <br /> e VLF ~Prop Tax in Lieu - - · - - TOTAL <br /> ·Projected <br /> <br />Hot¢: For budget and accounting presentation, thc Propcrl. y Ta~ in Lieu o£ <br />classified as property tax. ]ts growth going forward will bc tied to thc City's assessed <br />value growth. It is combined with VLF in thc graph above only to demonstrate thc <br />change that has taEcn place in VLF as a revenue source and to show thc VLF Gap <br />]o~s cash flow impacts. <br /> <br />~ost o~¢r GCncr~ F~d revenues ~ pmjcctcd to ~ow modcrme]y in the comin~ <br />two yc~s, as discussed in more &~] in Appendix D. <br /> <br />Gcn¢ra] ~d ~xp¢ndit~es <br /> <br />~cco~¢nded Gcnc~a] F~d appropriations to~l $7~.84 million <br />$83.3~ million for ~00~-07, as comp~cd to thC adjusted ~004-05 budsct <br />$7~.5~ m~l]ion. T~s represents a s]~t 0.4% increase in ~¢ ~st ye~, and ~ 8.5% <br />percent increase in thc second <br /> <br />A n~bc~ o~ it¢ms wcrc in process at ~ end o~ ~003-04, ~d so ~e appropriations <br />w¢rc c~iCd forw~d to ~004-05 to comp]crc them. Gen¢~a] F~d c~over <br />appmpfimions to~led $3.70 million. Thc~cfor¢, thc ~004-05 budget wi~out the <br />c~yowrs would be $7~.8~ mi]lion~ ~d thc increase in ~005-0d comp~cd to this <br />adjusted b~c fi~u~e is about $3.98 million o~ 5.5%. <br /> <br />Thc r¢su]dn~ inc~¢~e in ~005-0d comp~cd to ~004-05 (without thC c~owrs) <br />d~c in p~ to: <br /> <br /> > Pcrso~c] cost ch~es inc]udc increased pCrso~¢l costs of <br /> Cxistin[ ~emo~dums of Undcrst~din[ (MOUs) ~d t~e¢ additional <br /> positions in the Po]icc Dcp~cm. <br /> <br /> b44 <br /> <br /> <br />