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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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