Sarasota News Leader

05/02/2014

Issue link: https://newsleader.uberflip.com/i/305631

Contents of this Issue

Navigation

Page 52 of 111

percent — higher than the 5.9 percent and 5.8 percent figures, respectively, that the state released in December. The preliminary tax values for this year are due June 1 from the Sarasota County Property Appraiser's Office, with the final numbers expected by July 1. County property values went up 4.22 percent last year. The County Commission is scheduled to vote on its "not-to-exceed" millage rates on July 9, according to the schedule Harmer has laid out for the board. Major revenue sources are up 5.2 per- cent cumulatively through the first half of FY 2014, another chart showed, while permit applications for the construction of single-family homes are up 32 percent. REVENUE SOURCES The county's Tourist Development Tax (TDT) revenue projections remain the brightest item in charts comparing actual revenue to what was budgeted for the first half of FY 2014. It was up 16.9 percent through March, and staff projections call for it to continue to climb, though more modestly, in FY 2015. The bud- get called for total collections of $5,290,756 for the first six months of this fiscal year, but the actual number is $6,183,051. In response to a question from Commissioner Nora Patterson, Acting Assistant County A chart presented to the County Commission in April 2013 shows far lower property value estimates for the next five fiscal years compared to the most recent values released from the state. Image courtesy Sarasota County Sarasota News Leader May 2, 2014 Page 53

Articles in this issue

Archives of this issue

view archives of Sarasota News Leader - 05/02/2014