By KENT THOMPSON
The good news is that taxes for the coming budget year will only see a slight increase. The not so good news is that holding the line on taxes is only one part of the equation.
On Monday, the Humboldt County Board of Supervisors approved a $15.1 million budget, in terms of revenue collected.
The budget for fiscal 2022-23, which begins July 1, shows $13,061,656 in revenues. Of that amount, net property taxes will account for about half at $6,491,469. Intergovernmental – revenues from other government agencies, is expected to account for $4,653,376. TIF tax revenues and other taxes are expected to amount to $817,691. When approximately $2 million in transfers in are included, the $15.1 million figure is reached.
On the expenditure side, total expenditures are slated at $14,201,494, about $600,000 more than the current fiscal year. When operating transfers out are included, the total is $16,267,051.