There are four local sources of income to support school districts property tax, sales tax, income tax, and sumptuary taxes.
The unexpected closing of the local plant due to the downturn in the economy and the amount of layoffs as a result has reduced the amount of income tax collected in the city. Income taxes fund 23% of the projected budget revenues for police and fire services. The lowering of the available revenues from income tax for funding of police and fire services will have dire repercussions. The projected income for the fire department is greatly needed to replace the aging truck fleet. The loss of this income could result in loss of life because the city has insufficient fire trucks that operate
The budget for the city of San Clemente has received the Distinguished Budget Presentation Awards from the Government Finance Officers Association for the past 17 years. Not surprisingly, considering those honors, the city's budget is organized in a manner largely consistent with the guidelines we have learned in this course.
On September 9, 2014 I attended the Glendale City Council meeting which was held at the Council Chamber which is located on the 2nd floor of the Glendale City Hall, Room 200, 613 East Broadway, Glendale, California. The meeting commenced at 6 p.m. and lasted for approximately 1 hour and 40 minutes. Several policy proposals were made and discussed in this particular meeting. This paper is aimed at discussing the various policy proposals made and debated at this meeting with a view to establishing whether they are acceptable or unacceptable to the Glendale electorate. It is, however, essential to provide a brief background of the City of Glendale before embarking on a discussion of policy proposals.
Revenue determination is an important tool for health care organizations because it allows for efficient management of payment systems. This paper will look at the different components that form the payment-determination bases of revenue determination. Moreover, the difference between specific and bundled service payments will be discussed. Lastly, the three ways health care providers control their revenue function will be highlighted.
According to Singers(August 24,2017), ITEP’S (July, 2017), (July, 2017),(August 2011), and(December 2011), higher sales and gas tax in Connecticut have consequences and a solution proposed to reduce tax burden on low income family. Based on the readings and my understanding of this topic, I conclude that increasing sales and gas taxes in Connecticut to fix a budget crisis will be financially harmful to low income families and needs to be address with the new policy. Singer(August 24,2017), pointed out that, Connecticut legislators are deciding to increase the sales tax from its current level to 6.85 percent to fix a budget deficit, estimated to reach $3.5 billion in two years and improve state aid to towns. Based on Tax Foundation studies,
Alexandria, Virginia is home to over 8,000 thriving businesses and organizations. The City's budget serves as the blueprint for financial decisions implemented during the fiscal year. The FY 2011 Operating Budget and Capital Improvement Program (CIP) maintained its commitment to the residents of Alexandria. The General Fund is $531.6 million, an increase of 0.3 percent over last year’s budget maintaining all of the core city services despite the challenging economic conditions. Alexandria residents will pay about $125 more in property taxes along with higher fees for parking meters and storm-water management projects, among other services. The real estate taxes increased slightly but still remain among the lowest in the Northern Virginia region. In the budget, $167.9 million was allocated to the Alexandria City Public Schools, and a $1.6 million increase was set aside for transit subsidy. The final change
The district has vowed to keep residential taxes below $5.00 per $1,000 in assessed value, but they are cutting it close by adding 90 cents to the current rate of $4.09 (Sierra). In the October survey, 48% opposed the bond stating that the increase in taxes would be too high (“Hermiston School District Survey Research Report Executive Summary” 6-7). Admittedly, this is a reasonable opinion for residents to have, however the economic benefits that would result from the bond make the 90 cent increase a worthwhile investment. To start, the fine print of the bond requires that new residents of Hermiston help pay for it. Since Hermiston’s population is expected to expand by 3.00% per year for the next four years and 2.75% in the years following, the $4.99 rate is expected to go down, pleasing those who feel that they are paying too much. Additionally, the district contracted Elesco Limited, an economic service provider from Bend, Oregon, to perform an economic analysis on the impacts of the bond. They found that $24 million in direct labor income would be payed out to over 540 direct sub-contractors over the four year construction period. They also found that the bond would indirectly create 250 jobs within Umatilla County. Remaining funds would be used to buy construction material and Elesco discovered in their analysis that Umatilla County is 75% self-sufficient for those materials.
A). Mr. Masi replies that the tax rate has stayed the same at 17 cents. We are still the lowest in the state. The tax rate has stayed constant but the revenue has increased dramatically. It is because of the tax increased revenue for us being twenty million dollars positive. The growth helped with this increase. Half of our operating revenue comes from the tax payers, then twenty-two percent from Medicaid, ten percent from Medicare, seven point eight percent from commercial insurance. Add all that up sixty percent uncompensated + twenty-two percent Medicaid +ten percent Medicare+ seven point eight percent commercial to equal hundred percent of our
Farmersville is in major deficit since the recession. In order to increase the City of Farmersville budget action is required to come up with a solution, which will benefit 10,704 people who resides within city limits. To be able to increase the budget the city came up with two measures, these measures intends to help people of Farmersville, California, which will bring more jobs, better service for the community, and road construction and will bring programs to help the young and the elderly.
The City Attorney’s impartial summary states that the revenues from Measure Y would be available to fund essential city services, including police and fire protection; street and park maintenance; library and recreation services, and other vital city
Jacksonville, Florida was the host of the 2005 Super Bowl which was 12 years ago. The population of the city in 2005 was 782,623 people and there was a 6.39 percent population growth between 2000 to 2005 leading into the largest sporting event in America (U.S. Beacon, 2014). There was a population of 371,791 males which is 48.38 percent of the people in Jacksonville. In, addition females represented 396,746 of the population with that being 51.62 percent of the total population of the Florida city (U.S. Beacon,2014). The state population in Florida that year was approximately 17,789,864 million people (??). The game was played on February 6th, 2005 at the Alltel Stadium which is now EverBank Field in Jacksonville, Florida (Jacksonville Stadium
Palomar Health is one of the largest health care districts located in California around San Diego Counties. Palomar Health operates three hospitals, in addition to home health care, surgery, skilled nursing, ambulatory care, behavioral health services, wound care, and community health education programs. This paper will analyze Palomar Health’s financial statement from fiscal years following 2012 to 2015. An in dept analysis of the Consolidated Statement of revenue, expenses, and changes in net position will be examined to better understand the organizations standings of their financial outcomes for those following years (McIntosh L. 2015).
Like many Midwest cities, Cleveland came of age during the rise of American industry. The city grew an astounding 560 percent from 1880 to 1930, when it reached a population of 900,429. The era also marks the golden age of banking – and the building of countless, elaborate banks – before the Wall Street crash of 1929 that signaled the start of the Great Depression.
The Government Finance Officers Association (GFOA) budget criteria framework covers 27 budgeting categories and was launched in 1984 to encourage the preparation of high quality budgets (Bland, 211). The following memo evaluates the budget of the City of Lake Oswego using GFOA’s Distinguished Budget Presentation Awards Criteria, and also compares it to the budget of the City of Detroit.