FY 2026 Adopted Budget - Flipbook - Page 361
Street Improvement Fund (013): This fund is used to accumulate monies received from motor
fuel gas tax sources to maintain the streets and rights-of-way within the city.
Tax Base: The total property valuations on which each taxing authority levies its tax rates.
Taxable Value: The assessed value is less homestead and other exemptions. The taxable value
is then multiplied by the millage rate to determine the amount of taxes. The millage rate is set
by the taxing authorities based on their budget requirements. These taxing authorities and their
proposed rates will be reflected on your Truth in Millage (TRIM) Notice that you will receive in
August of each year.
Taxes: Compulsory charges levied by a government for financing services performed.
Transfers: Transfers between individual funds of a governmental unit that are not repayable
and are not considered charges for goods or services. These represent a
