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Minutes - 20050122
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Minutes - 20050122
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12/31/2018 3:25:30 PM
Creation date
8/13/2008 2:27:55 PM
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BOCC
Date
1/22/2005
Document Type
Minutes
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Agenda - 01-22-2005-
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\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 01-22-2005
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. Restoration of one-time expenditure cuts <br />. Student enrollment increases <br />. Medicaid growth <br />. Debt Service increase related to 2000 statewide bonds <br />. Expansion Items <br />. 2°~ salary increases for State employees <br />. Health insurance increase <br />. Increased funding to universities and community colleges <br />. Public school ABC bonuses <br />^ What does the $17 billion expenditure total not include? <br />^ School construction needs <br />. Funding to comply with Leandro ruling <br />^ Community college equipment and faculty salary increases <br />. Additional Medicaid <br />. Mental health reform <br />^ New prison space <br />^ Hurricane relief <br />^ Relatively few revenues left that the State can withhold or take from local governments <br />^ Possibility that there could be additional funding cuts or "unfunded mandates" passed <br />our way <br />^ Outstanding budget decisions for General Assembly and Governor <br />. Let the temporary sales and income taxes expire this year or extend them? <br />. Implement state tax on cigarettes? <br />. Authorize sales tax on services? <br />. Lottery? <br />Orange County Revenue Update and Outlook <br />Property Taxes Remain Largest Single Source of Revenue ~'~ <br />Property Tax Facts <br />^ Total projected valuation far current fiscal year approximately $10.2 billion <br />. Includes real and personal property, motor vehicles and utilities <br />. Real property comprises about 86°~ of the total ($8.8 billion) <br />^ One cent anticipated to generate $1,011,210 <br />^ Historically, average annual valuation increases <br />. 4.5% in non-revaluation years <br />. 24°k in revaluation years <br />
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