By Megan Hopps
SUN PRESS Newspapers
The City of Dayton hosted its annual Truth in Taxation meeting Tuesday, Dec. 9 at 7 p.m.
Cities are required by the state to hold a Truth in Taxation meeting for its residents, outlining where the city brings in revenue and how it spends its tax dollars. Dayton’s Administrative Assistant Brian Hagen gave a presentation at the Dec. 9 council meeting.
There are nine factors that influence a city’s total tax levy: property market value, tax capacity, property class rates, state aid, the county budget and tax levy, the school operating levy, the school district voter approved debt obligation, the city budget and tax levy and special state laws.
In 2015, the City of Dayton will require $1,007,907 for general government operations. Furthermore, $839,119 will be spent for police services, $201,348 will be spent on fire services, $37,521 will be spent on other public safety services, $708,268 will be spent for public works, $143,181 will go towards city parks, $7,041 will be set aside for the city’s contingency fund and $250,000 will be transferred for street improvements.
This brings the total general fund expenditures for the 2015 year to $3,194,385 compared to 2014’s $2,858,624. This illustrates a difference of $335,761 or a 11.75 percent increase. The EDA tax levy amount is $10,867. This represents a $0 increase from the 2014 year.
“If you look at the total tax levy for debt service from 2011 we were just over one million and in the last four years we were able to drop that dramatically to $285,000 in 2015,” said Hagen. “The allocation of our tax levy dollars in 2011 was 63 percent going to the operating cost where 36.8 percent was going to pay off debt. Now in 2015 we have 87 percent going to operating costs and just over 9 percent going to debt.”
The city’s percentage of each homeowners tax statement is 36 percent. The median valued home in Dayton in 2015 is $201,470. Throughout the course of the year this home owner will pay $3,181.83 in taxes. This represents a $100 increase from the 2014 year. However the 2015 proposed city tax is $1,147.44. This represents a $2 decrease from the previous year.
“We are adding money to building maintenance as well as park maintenance,” said Hagen. “This is something we haven’t done the most of in the past. These expenditure increases are offset by various revenue increases that we’re seeing just by the growth of the city and the development that’s been going on.”
The Dayton City Council will vote to accept or deny the city’s proposed budget and tax levy Wednesday, Dec. 17, at 7 p.m.
Contact Megan Hopps at [email protected]