Annual Budget Summary

2005 Annual Budget Summary
(71 Page PDF File)

2005 Budget Summary Pamphlet 
(2 Page PDF File)

2004 Annual Budget Summary
(76 Page PDF File)

2004 Budget Summary Pamphlet
(2 Page PDF File)

Introduction

This summary is a general overview to the 2005 Budget for Kent County. It is intended to inform County citizens of the fiscal plans of the County Commission and Administration for the upcoming fiscal year. Citizen awareness and participation is critical in the responsible allocation of County resources.

This summary will provide its reader with a brief introduction to the County budget. It will explain how the County plans to utilize its resources and will highlight some of the more significant priorities in the County’s budget. Historical data is provided to serve as an aid in the review of this document.

Budget Highlights

In the 2005 adopted budget, funds have been allocated in the operating and capital improvement budgets to continue addressing the following priority objectives:

• Continued implementation of the Prevention initiative which includes family support services, early intervention for families where child abuse/neglect has been reported, and substance abuse prevention;
• Continued property acquisition, staffing and operating costs associated with the operation, maintenance and security for Millennium Park; and
• Proper maintenance of County facilities and equipment.

Property Tax Levy

The County’s State Taxable Value (STV) grew from $17.175 billion to $18.015 billion in tax year 2004. The total millage levy for FY 2005 is 5.3140 mills (dollars/$1,000 of STV). This rate is unchanged from the FY 2004 tax levy. Property Tax revenue, based solely on the increase in the STV, will grow 4.0% from $88.4 million in FY 2004 to $91.9 million in FY 2005.

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