County passes 2020 budget
County passes 2020 budget
By PETE KLEIN
LAKE PLEASANT—The Hamilton County Board of Supervisors met on November 22 and passed its 2020 county budget after holding a public hearing, during which no one from the public was present.
What follows is the approved budget. Last year’s budget figures are shown in (parentheses)
The General Fund is showing appropriations of $14,093,934 and estimated property taxes of $4,042,418.
The Highway Fund is divided into two sections, County Road and Machinery.
The County Road Fund shows appropriations of $5,827,947 and estimated property taxes of $3,527,922.
The Machinery Fund shows appropriations of $1,919,878 and estimated property taxes of $1,008,878.
TOTALS
With total appropriations of $21,841,759 ($20,641,891) for all funds, less estimated revenues of $11,812541 ($10,757,457), the gross tax levy is $10,029,218 ($9,884,434). This is up $144,784 or up 1.47 percent from $9,884,434 for 2019.
To this amount are added $35,000 in deferred tax revenues and $3,000 in uncollected taxes allowance (same as last year), leaving a net tax levy of $10,067,218 ($9,922,434) up $144,784 from $9,922,434 in 2019.
Cash surplus appropriated to reduce the tax levy is $1,450,000, the same as last year.
One then subtracts the appropriated cash surpluses of $1,450,000, leaving $8,617,218 ($8,472,434) to be collected in taxes before adding estimated charge backs of $114,700 ($117,894), to total $8,731,918 ($8,590,328) in taxes to be raised, up $141,590 from 2019 – a 1.65 percent increase and under the cap.
County passes 2020 budget
By PETE KLEIN
LAKE PLEASANT—The Hamilton County Board of Supervisors met on November 22 and passed its 2020 county budget after holding a public hearing, during which no one from the public was present.
What follows is the approved budget. Last year’s budget figures are shown in (parentheses)
The General Fund is showing appropriations of $14,093,934 and estimated property taxes of $4,042,418.
The Highway Fund is divided into two sections, County Road and Machinery.
The County Road Fund shows appropriations of $5,827,947 and estimated property taxes of $3,527,922.
The Machinery Fund shows appropriations of $1,919,878 and estimated property taxes of $1,008,878.
TOTALS
With total appropriations of $21,841,759 ($20,641,891) for all funds, less estimated revenues of $11,812541 ($10,757,457), the gross tax levy is $10,029,218 ($9,884,434). This is up $144,784 or up 1.47 percent from $9,884,434 for 2019.
To this amount are added $35,000 in deferred tax revenues and $3,000 in uncollected taxes allowance (same as last year), leaving a net tax levy of $10,067,218 ($9,922,434) up $144,784 from $9,922,434 in 2019.
Cash surplus appropriated to reduce the tax levy is $1,450,000, the same as last year.
One then subtracts the appropriated cash surpluses of $1,450,000, leaving $8,617,218 ($8,472,434) to be collected in taxes before adding estimated charge backs of $114,700 ($117,894), to total $8,731,918 ($8,590,328) in taxes to be raised, up $141,590 from 2019 – a 1.65 percent increase and under the cap.
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