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Auditor: collections improved last month but year-to-date collections down 2%; property tax settlement added about $51,000
Summary
Auditor Knowles told council that income tax collections improved last month though they remain about 2% below last year for the year-to-date; a May property tax settlement increased net distributions by roughly $51,000, including approximately $34,000 in special assessments.
Auditor Knowles reviewed the city's Income Tax Report and told council there was "some improvement for last month for collections. They are down 2% for the year." He said a May Property Tax Settlement altered the appearance of the year's numbers and added roughly $51,000 in net distributions across funds, of which about $34,000 was special assessments.
Council member Kiko asked whether recently passed state legislation that could create property tax rebates would affect the settlement or the city's future receipts; Knowles said he "doesn't know what to expect on that yet," and that the first half of the year would likely be unaffected but that how the county implements any rebates (issuing refunds versus leaving amounts as account credits) would determine the impact.
Knowles also described how special assessments tied to delinquent utility and nuisance charges feed back into city funds when the county collects; he said the recent settlement included a noticeable bump in those recoveries. No specific budget reallocation or vote tied to the settlement is recorded in the provided segments.
