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The data below were taken from the CAFRs of two cities. Oak City Maple City Population 19,000 115,000 Value of taxable property $860,678,900 $1,075,890,100 Annual

The data below were taken from the CAFRs of two cities.

Oak City Maple City
Population 19,000 115,000
Value of taxable property $860,678,900 $1,075,890,100
Annual property tax levy $16,787,068 $54,991,385
Total general fund revenues $57,166,696 $77,171,776
General fund tax revenues $43,977,949 $54,991,385
Intergovernmental revenues $6,188,029 $17,293,415

REQUIRED: Based on this limited information

a) Which city has the greater resources?

b) Which city imposes a greater tax burden on its citizens based on

i. Per capita total general fund revenues?

ii. Per capital property taxes?

iii. Property taxes as a percentage of property values?

c. Which city receives more assistance from other governments?

Label a-c

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