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Local Infrastructure Challenges and Funding Comparisons

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Local Infrastructure Challenges and Funding Comparisons

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    1. Local Infrastructure Challenges and Funding Comparisons

    2. Housing Information Linn County Homes built before 1939 = 1,325 = 28.1% Homes built 1940 - 1959 = 531 = 11.25% Statewide Homes built before 1939 = 13.55% Homes built 1940-1959 = 18.28%

    4. Homes in Linn County

    8. Mill Levy Information: Linn County Mill Levy: 43.897 1 mill would generate: County: $162,000 Linn Valley: $6,842 LaCygne: $6,687 Pleasanton: $5,277 Mound City: $4,056 Parker: $965 Blue Mound: $776 Prescott: $673

    9. Area County Budgets 2008 Linn Co. Budget = $11,314,496 $7,115,204 generated from mill levy mill levy = 43.897 2008 Miami Co. Budget = $36,013,229 $14,035,710 generated from mill levy mill levy = 39.936 2008 Bourbon Co. Budget = 9,031,390 $4,732,498 generated from mill levy mill levy = 50.649 2008 Franklin Co. Budget = $21,906,819 $11,514,112 generated from mill levy mill levy = 53.907 2008 Anderson Co. Budget = $8,538,024 $5,470,789 generated from mill levy mill levy = 76.468

    10. 2007 Sales Tax Generation Miami: 1.25% = $3,605,761 Anderson: 1.50% = $843,169 Bourbon: 1.00% = $1,395,182 Franklin: 1.50% = $3,998,508

    11. Income in Area County Budgets

    12. For Miami Co. to keep the current budget expenditures without a sales tax, they would have to have a 17% increase in mill levy.

    13. If Linn County had a 1% Sales Tax, it would generate: Approximately $600,000 a year

    14. If allocated to a capital improvement program, the money could be used for various infrastructure improvements such as: Paving roads, sewer repair and capacity upgrade, water line and treatment upgrades, natural gas lines Aging county buildings either need or will need repair and/ or replacement Upgrades to community facilities Provide a reliable income stream to pay for bonded projects or a match for CDBG grants and loans

    15. The County is dependent upon the cities to provide most of the necessary infrastructure for industrial parks, commercial areas, and most businesses.

    16. If County Distributes 50% of Sales Tax to Cities Cities would receive approximately: LaCygne = $70,000 Pleasanton = $80,000 MC = $51,000 Parker = $18,000 Blue Mound = $18,000 Prescott = $18,000 Linn Valley = $36,000

    17. Examples of Area Counties Both Coffey and Miami County revenue share with cities to help with Capital Improvement Miami County gives 33% of sales tax revenue to cities Coffey County gives $500,000 a year to cities on a pro-rated basis

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