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County finance projects modest revenue growth but flags state assessment cost shift and lower grant totals
Summary
Finance staff reported updated FY2018 revenue estimates and recommended 4% growth for income tax receipts; commissioners were briefed on a state-driven shift that will move assessment-office charges to county expense lines and on reduced grant revenues in the packet.
County finance staff reported FY2018 revenue updates at the Feb. 28 work session, citing the state constant-yield letter and updated assessable base figures. The county’s assessable base increased modestly for the recommended budget and staff recommended a 4 percent growth assumption for income tax revenue based on recent multi-year averages and recent collection patterns.
Gilmore explained one major procedural change: the county will treat part of the State Department of Assessment and Taxation (SDAT) activity as an…
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