Tax Change Summary

City of Olean, New York

Tax Change Summary

2009/2010

Per Thousand

Gross

Amount

Amount

Percentage

Tax Increase per thousand

7.86

4.82%

Consisting of (per thousand):

Decrease in assessed valuation

1.91

1.17%

Change in personal services

5.20

201,270

3.19%

Change in equipment purchases

0.48

18,690

0.29%

Change in other costs

10.58

409,228

6.49%

Change in benefit costs

1.39

53,971

0.85%

Increase in debt service and transfers

(1.33)

(51,381)

-0.82%

Increase in appropriated fund balance

-

-

0.00%

Increase in revenue sources - other than property taxes

(10.36)

(401,210)

-6.35%

Total

7.87

4.82%