Assignment 3: Preparing an Audit Analysis| PAD 505 – Public Budgeting and Finance | Strayer University
The city plans to increase the general property tax rate to 2% as part of its financial strategy. This is due to rising costs associated with population growth. This increase in property tax revenue will allow the city to fund various programs, including community programs and infrastructure improvement.
It is evident that general property taxes are an integral part of generating revenue in my community. Their contribution keeps growing every year. It is important that the funds be managed well so they continue to provide benefits for citizens.