Page 59 - Saginaw FY19 Annual Budget

CITY OF SAGINAW
GENERAL FUND OVERVIEW OF REVENUES
2018-2019

The City of Saginaw's General Fund accounts for resources that are traditionally associated with
governmental activity and which are not required to be accounted for in another fund. These resources are
used for expenditures of the General Administrative Office, Municipal Court, Fire, Police, Public Services,
Parks, Community Services, Library, Inspections/Code Enforcement, Animal Services, Fleet Maintenance,
Information Technology, and Economic Development Departments of the General Fund.

Below is an overview of the General Fund Revenues. The City's revenues are reviewed individually and are
based on trend analysis.

CURRENT PROPERTY TAXES:
Taxable values have increased as a result of the current economic conditions and slow growth throughout
the City. The July certified taxable value from TAD is $1,843,457,430. This is $273,255,230 more than last
year's adjusted net taxable value of $1,570,202,200. The taxable value of new construction is $58,928,786.

In Millions TAXABLE VALUE
In Millions
TAXABLE VALUE
$1,843
$2,000 $1,843
$2,000
$1,570
$1,316 $1,441 $1,570
$1,441
$1,500 $1,138 $1,112 $1,193 $1,164 $1,219 $1,276 $1,316
$1,276
$1,500
$1,219
$1,193
$1,164
$1,138
$1,000 $1,112
$1,000
$500
$500
$0
$0
09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19
09-10
11-12
10-11
13-14
14-15
12-13
17-18
16-17
18-19
15-16
The 2017 tax rate was .495. The 2018 effective tax rate is .454363. The effective tax rate is the rate
required to generate the same tax dollars as last year. The rollback rate is .471806. A tax rate of .471800
has been used for the 2018-2019 budget. The estimated General Fund tax revenue is $5,366,835.
TAX DEBT M&O SALES TAX TOTAL
YEAR RATE RATE ADJUSTMENT RATE
2017 0.210814 0.284186 (.096606) 0.495000
2018 0.180671 0.291129 (.084777) 0.471800
DIFFERENCE OVER/(UNDER) LAST YEAR (.023200)
Taxable Value $ 1,843,457,430
Total Rate 0.471800
Total Revenue $ 8,697,432
Debt Rate 0.180671
Debt Revenue $ 3,330,595
M&O Rate 0.291129
M&O Revenue $ 5,366,835

59