Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance update: Act 1 index set at 3.5%; audit underway and district adopts CSIU reporting for forecasts
Summary
Finance staff reported the Act 1 index at 3.5%, flagged more than $50 million in properties under assessment appeal, said the external audit work has begun, and recommended moving to CSIU reporting to address discrepancies with Forecast5.
Finance staff told the Operations & Finance Committee on Sept. 10 that the state Act 1 index was published at 3.5% for the year and walked members through audit and forecasting updates.
Dawn told the committee: "It is 3.5% for this year," and cautioned that the district has received a new round of assessment appeals, saying, "We have over $50,000,000 of properties that are coming up…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
