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) Crazy Quilt County has the following information concerning the next fiscal years budget. Calculate the mill rate that will balance the budget. Assume that
) Crazy Quilt County has the following information concerning the next fiscal years budget. Calculate the mill rate that will balance the budget. Assume that the delinquency rate is insignificant and therefore immaterial to your computations.
Planned Expenditure $27,560,900 Sales Tax Revenue $4,500,000
Total Market Value of Property $781,250,000 User Charge Revenue 1,650,000
Assessment Ratio 60% Income Tax Revenue 1,800,000
Miscellaneous Revenue 900,000
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