Question
The data below were taken from the CAFRs of two cities. City of Kayla City | City of Katerah Population 19,000 | 115,000 Value of
The data below were taken from the CAFRs of two cities.
City of Kayla City | City of Katerah
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: Per capita total general fund revenues, Per capital property tax, Property taxes as a percentage of property values?
c. Which City receives more assistance from other governments?
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