Page 121 - FY 2026-2027 Adopted Budget Book

CALCULATION
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed % Change
Actual Actual Budget Projection Budget
Revenues
General Fund
Taxes
Property Taxes $20,739,960 $21,429,811 $23,346,955 $23,146,955 $24,053,960 3%
Property Tax Incentives -$48,290 -$34,889 -$28,000 -$55,190 -$40,925 46%
Property Tax Refunds -$528,675 -$392,572 -$200,000 -$248,830 -$415,270 108%
Delinquent Property $26,895 $277,541 $100,000 $131,285 $112,315 12%
Taxes
Delinquent Property Tax
Refund -$96,483 -$124,973 -$75,000 -$39,980 -$89,170 19%
Penalty and Interest $65,210 $80,417 $60,000 $81,220 $72,765 21%
TAXES TOTAL $20,158,617 $21,235,335 $23,203,955 $23,015,460 $23,693,675 2%
GENERAL FUND TOTAL $20,158,617 $21,235,335 $23,203,955 $23,015,460 $23,693,675 2%
TIF Fund
Taxes
Property Taxes $110,710 $51,056 $102,946 $102,946 $110,340 7%
TAXES TOTAL $110,710 $51,056 $102,946 $102,946 $110,340 7%
TIF FUND TOTAL $110,710 $51,056 $102,946 $102,946 $110,340 7%
Interest and Sinking Fund
Taxes
Property Taxes $7,852,060 $8,258,583 $8,411,960 $8,411,960 $8,411,074 0%
Property Tax Refunds -$216,222 -$151,536 -$98,556 -$94,890 -$94,890 -4%
Delinquent Property $11,919 $107,665 $20,134 $56,285 $56,285 180%
Taxes
Delinquent Property Tax -$35,923 -$50,675 -$28,188 -$15,525 -$15,525 -45%
Refund
Penalty and Interest $26,352 $31,572 $19,304 $28,090 $28,090 46%
TAXES TOTAL $7,638,186 $8,195,609 $8,324,654 $8,385,920 $8,385,034 1%
INTEREST AND $7,638,186 $8,195,609 $8,324,654 $8,385,920 $8,385,034 1%
SINKING FUND TOTAL
REVENUES TOTAL $27,907,512 $29,482,000 $31,631,555 $31,504,326 $32,189,049 2%

FY 2026-2027 Adopted Budget Book · September 15, 2026 117