City revenue numbers exceed expectations
Although he's not finished all the calculations or double-checking the figures for the city of De Soto's 2008 budget, De Soto City Administrator Pat Guilfoyle acknowledges the revenue side of the equation looks good.
With the USD 232 Board of Education's approving Monday the publication of its proposed 2007-08 budget, the city's is the last large piece of the local mill levy picture that remains unknown. Last week, the Johnson County Commission scheduled a public hearing for 7 p.m. July 30 at the County Administrative Building in Olathe on a 2008 budget that would maintain the county's levy at 23.199 mills.
Guilfoyle anticipated he would ask the De Soto City Council at its meeting Thursday to schedule a workshop on the 2008 budget.
Updated city assessed valuation numbers shared by the Johnson County Appraiser's Office earlier this month indicated the city's overall assessed valuation rose by 5.59 percent to $59.3 million, Guilfoyle said. The city administrator said he went into budget preparations hoping the city had a 5.2 percent increase.
Better yet, the assessed valuation increased of that part of De Soto the city provides fire service and that served by Johnson County Rural Fire District No. 3, Guilfoyle said. In two of the past three years the assessed valuation of the city fire service portion of the city decreased, putting upward pressure on the mill levy to maintain service.
Some of the increase can be attributed to reappraisal. When the county appraiser's office released its annual report in March, it found that homes in De Soto increased in valuation by an average of 4.68 percent from the previous year. But there was some additional development in De Soto in 2006, including the new FCB Bank and The Commons office complex on Commerce Drive.
The sales tax picture also looks good, Guilfoyle said.
"It's exceeding projections and looks like it will the rest of the year," he said.
At a recent council meeting, Guilfoyle said a number of area cities that weren't as conservative in estimating future sales tax receipts were
Kansas Department of Revenue figures show the city collected $393,177 from De Soto 1,75 cent city sales take in the first six months of this year. That was an increase of 3.2 percent from the same six months in 2006.
The city also gets a distribution of county sales taxes equaling $145,680 in the first four months of this year as compared to $143,342 in the same four month a year earlier.