From the Clark County News and Tribune:
To operate the city in 2014, the Jeffersonville City Council will seek a $3 million increase in funding. The initial steps to finance the city of Jeffersonville for 2014 were taken Monday as the first reading on next year’s budget was approved by the council.
A total budget amount came in at $50.9 million, a more than $3 million increase over this year’s budget. The $50 million figure included all city funds, including the general fund budget.
A total property tax levy of $25 million with a total tax rate of 2.4 percent was also part of the initial figures included in the first look at the budget.
“We have reverted back to the 2013 budget with the additions and reductions that have occurred throughout the year,” said City Controller Amy Deering. “This is an inflated number, which is based off of our advertised amount,” she said of the totals presented.
“We won’t know what our actual rate is until it’s certified next year.” Indiana’s Department of Local Government Finance typically returns a certified budget amount to a city in late winter or early spring of the year for which it is operating.
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- See more at: http://newsandtribune.com/clarkcounty/x1836130470/City-council-approves-first-look-at-2014-budget#sthash.M37RsMZQ.dpuf
