1. White County Board of Commissioners Third Public Presentation Millage Rate for Tax Year 2008 July 31, 2008 10:00 a.m.

2. Setting the millage rate is the last step in the “Budget Process”

3. FY 2009 Budget Synopsis FY 2009 started with $15,249,127 in Gen Fund Departmental Requests Final Approved FY 2009 Budget $14,211,434 Only 3% total increase over FY 2008 Budget New Budget includes no new positions, 12% increase in insurance, 100% increase for Fuel, limited capital, freeze on filling vacant positions-as necessary basis Some departments had budget decreases

4. What is a Millage Rate? Is the multiplier (rate) used to calculate tax levied. Tax is calculated by dollar per thousand in assessed value x millage rate Fair market value is determined by the White County Tax Assessors Office Property taxed on 40% of value

5. Components of White County Millage rate State of Georgia County Government (only portion controlled by elected Commission) School Board (set by school board, but adopted by Commission) School Bond

6. White County Millage Rates 10 Year History-County Portion Only

7. 2007-2008 Millage Comparison 2007 % of total 2008 County.0081936.11%.0091937.62% State.000251.10%.00025 1.02% 1.02% School Bond.0003401.50%.000339 1.39% 1.39% School.01390061.29%.014650 59.97% 59.97% Total.02268100%.024429 100% 100%

8. Impact on Average Homeowner Tax Year 2007 2008 Value of Home $160,000$160,000 40% $ 64,000 Less Homestead/HTRG -$10,000-$10,000 Total Millage 22.6824.429 Tax$1,224.72$1,319.17

9. Allocation of Tax dollars Tax Year StateCountySchoolBoardSchoolBondTotal 2007$13.50$442.26$750.60$18.36$1,224.72 2008$13.50$496.26$791.10$18.31$1,319.17

10. Where Does the Money Go?Services%Cost Public Safety 42.10%$208.93 General Gov’t 23.03%$114.29 Judicial10.15%$50.37 Culture & Recreation 8.62%$42.78 Public Works 8.69%$43.12 Health/Welfare2.42%$12.01 Agriculture.61%$3.03 Housing & Development 4.38%$21.74 Total100%$496.26

11. Tax Levy County37.62%$9,539,220 State1.02%$259,500 School Bond1.39%$351,882 School Board59.97%$15,206,700 Total Tax Levy100%$25,357,302

12. Ad-Valorem Tax as % of Revenue % of Total Revenue $14,211,434

13. Conclusion $9,539,220 in Property Tax will provide 67.12% of General Fund revenue for FY 2009.

14. Questions/Comments