1:08:24
…it claims a whole bunch-sales tax and property tax and I did the math and the city would do a lot better if they let us put up the last hundred homes and get 6 thousand, 7 thousand in property taxes.
19:19
Motion passes. Uh resolution 2026 2239 levy property tax rate for exceeding RNR. We've had our explanation of this. Is there any further questions or clarifications?
31:38
…to write a letter in support of adding that to their property tax exemption. Yesterday, I received another request from them. They bought a 2012 Ford Yesterday, I received another request from them.
5:40
Okay. I think it's of note that we're remaining revenue neutral. It is note that we are remaining revenue neutral. In other words, we're not raising property taxes.
33:42
I'm going to read this. It says, "A majority vote of the governing body by the adoption of a resolution or ordinance to approve exceeding the revenue neutral rate shall be required prior to adoption of a proposed budget that will result in a tax rate in excess…
45:29
But um I mean but even if Corey though if the property taxes next year come in at a higher rate, we still wouldn't it doesn't matter because it would just be 3%.
1:24:35
So the water utility was becoming insolvent, which means we were going to be upside down in it. When a utility fund like that becomes insolvent, we have to use property taxes to support that fund.
25:56
So property taxes and baser, what do they fund? Property taxes generally fund recurring expenses such as personnel. sales tax is a little bit more volatile revenue source and so we budget those conservatively.
38:10
Among our property tax lending funds, we have three of those general fund. It's the bondage bonds and employee benefits fund. Um you'll see in 2025 we in the year 40 $40,000 under budget.