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Mid-Biennial Budget Review �
Public Hearing # 1
Prepared by Auburn Presentation to City Council
Finance Department October 17, 2011
Mid-Term Budget Corrections Review
Hearing Calendar
% Monday, October 17
Council Public Works Committee
(3:30pm, City Hall Annex Conf. Room 1 )
Council Finance Committee
(6:OOpm, City Hall Annex Conf. Room 2)
Monday, October 24
Council Municipal Services Committee
(3:OOpm, Auburn City Hall, 2�d Floor)
Council Planning and Community Development Committee
(5:30pm, City Hall Annex Conf. Room 2)
Thursday, November 17
Council Workshop on mid-term budget corrections
(4:OOpm-5:30pm; Council Chambers)
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2012 Property Tax Levy
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2011 Property Tax Levy $ 14,595,036
2012 Preliminary Property Tax Levy
Previous Year's Levy (2011 ) $ 14,595,036
Add: 1 .0% 145,950
Add: Preliminary property tax on new construction 133,854
Total 2012 Preliminary Property Tax Levy $ 14,874,840
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General Fund $ 12,874,840
Local Street Fund (Save Our Streets program) 2,000,000
Total 2012 Preliminary Property Tax Levy $ 14,874,840
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Property Tax Assessed Valuation
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2009 $ 8,598,918,320 $ 120,803,572 $ 8,719,721 ,892
2010 7,614,133,780 88,121 ,557 7,702,255,337
2011 7,437,442,009 106,851 ,997 7,544,294,006
2012 7,095,038,251 69,190,084 7,164,228,335
(Preliminary)
[a] Source: King and Pierce County Department of Assessments.
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End of Presentation
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