City of Olean, New York

Tax Change Summary

2008/2009

Per Thousand

Gross

Amount

Amount

Percentage

Tax Increase per thousand

16.78

11.47%

Consisting of (per thousand):

Increase in assessed valuation

(0.14)

-0.10%

Change in personal services

5.72

224,028

3.91%

Change in equipment purchases

(0.87)

(34,050)

-0.59%

Change in other costs

17.91

701,915

12.25%

Change in benefit costs

(0.45)

(17,608)

-0.31%

Increase in debt service and transfers

2.33

91,216

1.59%

Increase in appropriated fund balance

-

-

0.00%

Increase in revenue sources - other than property taxes

(7.72)

(302,597)

-5.28%

Total

16.78

11.47%