News and Tribune

Recent Local News

October 8, 2013

City council approves first look at 2014 budget

Final salary changes also approved

JEFFERSONVILLE —

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.

Councilman Mike Smith said he did not want to wait to make some cuts to the budget that was presented.

“We as a council voted to take the 2013 budget, include the circuit breaker cuts and make that our 2014 budget starting off,” Smith said. “And the budget we have doesn’t reflect that.”

The state of Indiana limits how much money can be collected in property taxes via a circuit breaker tax cap. For individual homeowners, property taxes are limited at 1 percent of the assessed value of the property; 2 percent for rental properties; and 3 percent for businesses. Any amount over the percentages cannot be collected by the taxing unit. The city council was saddled with a $3.2 million tax cut after the certified budget amount had been returned by the state. No cuts were required by the city council once the 2013 general fund budget was returned by the state —at $25.6 million— on top of the tax cap cuts.

Text Only | Photo Reprints
Recent Local News
LOCAL MAGAZINES
2013 Photos of the year


Take a look at our most memorable photos from 2013.

SEASONAL CONTENT
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Disbanding Muslim Surveillance Draws Praise Hundreds Missing After South Korean Ferry Sinks Passengers Abuzz After Plane Hits Swarm of Bees Boston Bomb Scare Defendant Appears in Court Pistorius Trial: Adjourned Until May 5 Diaz Gets Physical for New Comedy Raw: Ferry Sinks Off South Korean Coast Town, Victims Remember Texas Blast Freeze Leaves Florida Panhandle With Dead Trees At Boston Marathon, a Chance to Finally Finish Are School Dress Codes Too Strict? Raw: Fatal Ferry Boat Accident Suspicious Bags Found Near Marathon Finish Line Boston Marks the 1st Anniversary of Bombing NYPD Ends Muslim Surveillance Program 8-year-old Boy Gets His Wish: Fly Like Iron Man Sex Offenders Arrested in Slayings of CA Women India's Transgenders Celebrate Historic Ruling Tributes Mark Boston Bombing Anniversary Raw: Kan. Shooting Suspect Faces Judge
2013 Photos of the year


Take a look at our most memorable photos from 2013.