1:42:54
What we have put in our budget on a 30-something. Until we get a better feeling as to how this allocation looks now, whether it be property taxes, or new things bringing it up to date from 2013 to 2016, with those figures in line…
2:14:03
Um, and that's that $10 per 100,000 assessed value. So, if you look down at the bottom, it kind of covers over a 30-year what their cost would be on that.
42:23
But the property tax that we receive only 12% goes to us, the city, everything else goes somewhere else, right? Is that because they have first bite at the apple or how does that?
1:11:28
And focusing on property taxes just for a second, if you add the cost of police fire prosecutorial services and street funding those Four entities cost more to the city of Twin Falls than the total amount of property taxes that we bring in.
3:38:44
100% off of capitalization fees. No property tax increases, no water fee increases. So, it's important to establish that this is not the citizens in their water fees or taxes that's paying for this infrastructure.
17:42
Our taxable weighted funds 65 million non tech supported fund which are all of our enterprise, which are fee based, 37 million included in the budget is the statutorily allowed 3% increase in property tax the inclusion of 90%…
37:31
Yeah, I I'd like to make a just a comment on it. I um what what I do like about this is from the city standpoint, the amount of taxes that property taxes we would receive or have been receiving is that is a land is really small.
3:40:50
You can live in your RV on that property. You can live in your RV on that property. Essentially, you're paying, you know, you're going to be paying property taxes.
8:15
Then down into the revenue to property taxes. That's where you will see the reflection of that temporary override funds came in. That's why it went up by $8 million.
4:40
Thank you again, Mr. Mayor. As the council remembers are the budget that you just had the third breeding on includes zero percent change in property tax levy in FY25 as compared to the prior year FY24.