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03-11-19 Regular Meeting of the La Porte City Council
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03-11-19 Regular Meeting of the La Porte City Council
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City Meetings
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City Council
Meeting Doc Type
Agenda Packet
Date
3/11/2019
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CITY OF LA PORTE <br />MANAGEMENT'S DISCUSSIONAND ANALYSIS (continued) <br />ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES (continued) <br />Overall the upcoming General Fund budget represents a decrease of $578,626 from the current year <br />estimated expenditures. Additionally, an $866,856 surplus is projected for the General Fund. As shown <br />below, our property values and sales taxes continue to increase <br />The trend for total assessed values has fluctuated slightly over the past five years resulting in a total increase <br />of 19% . <br />Assessed IPirolp irtyValuGiro Ibillions) <br />$15 <br />$14 <br />$33 <br />$12 <br />$11 <br />$10 <br />$2.9 <br />$2.8 <br />$23 <br />$2.6 <br />$2.5 <br />Salley tax it venu es Giro it millions) <br />$1!,�.,o <br />$14.0 <br />$110 <br />$12„0 <br />$11.0 <br />$10.0 <br />$9.0 <br />„0 <br />$7.0 <br />$6.0 <br />$5.0 <br />201!15 2016 2017 <br />REQUESTS FOR INFORMATION <br />WM <br />um <br />This financial report is designed to provide a general overview of the City of La Porte's finances for all <br />those with an interest in the City's finances. Questions concerning this report or requests for additional <br />financial information should be directed to the Director of Finance, 604 West Fairmont Parkway, La Porte, <br />Texas 77571. <br />u.. ��'� iouuuu �1IIV �1IIV vlllflmm� u mfiti111�uuuuur�ou mfiti�uuuuuv'��uum you <br />
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