2006 WORKING BUDGET - Laserfiche WebLink

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Page 2 Proposed 2006 Use tax is on automobiles and on commercial building materials. City of Louisville 2006 Revenue Highlights More than 34% of the Citys total sales tax revenue goes into the Capital Projects Fund Category 2006 Budget % of Total General Property Taxes $ 2,646,273 10 ° Sales Tax 9,876,887 37°/ Use Tax $ 1.196.133 4% Franchise Tax $ 897,556 3% Lodging Excise Tax $ 308.097 1% Other Taxes $ 179,000 1% Licenses & Permits $ 758,050 3% Intergovernmental $<=' 1,108,000 4% Charges for Services c4, 8,696,400 33% Fines & Forfeitures 170,000 1% Miscellaneous 894,426 3% ' $ C $ 26,730,822 100% Includes: Highway Users Tax Cigarette Tax County Road and Bndge Tax Motor Vehicle Registration Charges for Services consist mostly of. Water & Sewer Sa/es to Customers S4.6Mi1/ion Recreation/Senior Center Fees S I. SMillion Golf Course Fees S2. 0Mi//ion Sales Tax Revenues Top 50 Filers by Type as of September 2005-They make up 80% of total sales dollars. 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. This is also true for the Golf Course. Only course fees are used in support of that service. The miscellaneous line item is pnmarily interest eamed on City funds. These funds are invested in accordance with the City's investment polices. Tele/Utilities 16% Restaurants 11% Hotels 4% Home Improvements 26% General Merchandise 25% Grocery 18% The Residential Assessment rate for property is 7.96%. That means if you have a house valued at $250,000 you will pay $1,335.29 in property taxes. Of that amount 9.56% or approximately $127.65 goes to the City of Louisville. The Commercial Assessment rate is 29%.