2005 BUDGET - Laserfiche WebLink

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Page 2 Final 2005 Budget Use tax is on automobiles and on commercial building materials. City of Louisville 2005 Revenue Highlights More than 36% of the City's total sales tax revenue goes into the Capital Projects Fund Category 2005 Budget % of Total General Property Taxes $ 2,589,162 9 ° Sales Tax 10,180,259 36°/ Use Tax $ 1,285,932 4% Franchise Tax $ 859,300 3% Lodging Excise Tax $ 262,500 1% Other Taxes $ 164,000 1% Licenses & Permits $ 819,116 3% Intergovernmental $0 2,471,209 9% Charges for Services 9,088,302 32% Fines & Forfeitures 156,000 1% Miscellaneous $ 772,128 3% )l $ 28,647,908 100% Includes: Highway Users Tax DRCOG Highway 42 grant Brownsfield Grant Boulder County Transportation Grant Charges for Services consist mostly of Water Sales to Customers S3.2Million Sewer Sales to Customers S7.3Milfion Tap fees S0.7M//lion Recreation/Senior Center Fees S7.4Mi1/ion Golf Course Fees S2.2Miffion Sales Tax Revenues Top 50 Filers by Type as of August 2004-They make up 83% of total sales dollars. The miscellaneous line item is primarily interest eamed on City funds. These funds are invested in accordance with the City's investment polices. Did you know that if you have a house valued at $250,000 you will pay approximately $1,388.46 in annual property taxes? Of that amount, 9.61% goes to the City of Louisville. That equals about $133.43. Water and wastewater charges are used only in support of those utilities. No tax money is used in support of water and wastewater services. Your water fund has a long range plan to ensure that the City of Louisville will always have plenty of water. Effective January 1, 2005 the water and sewer rates will be increased 3.5%. This is also true for the Golf Course. Only course fees are used in support of that service. Proposed 2005 Revenue Budget Fines & Forfeitures Charges for Services Intergovemmental Licenses & Permits Miscellaneous Other Taxes Lodging Excise Tax General Property Taxes Sales Tax Use Tax Franchise Tax