If a county or municipality reduces expenditures below the 2009 base amount, how will the penalty be calculated?
This is a three-step process. In the first step, DOR will determine the difference in the reported year’s (i.e. 2010/subsequent budget year) expenditures and the 2009 base amount. If the amount spent in the reported year is less than the 2009 base year amount and no adjustments are authorized, DOR may impose a penalty. The penalty is calculated by determining the percentage of shared revenues used to fund these emergency services and multiplying that percentage by the amount of the reduction.
Related Questions
- May a county or municipality adjust the base valuation of a project development financing district once it is certified by the county tax assessor?
- If a county or municipality reduces expenditures below the 2009 base amount, how will the penalty be calculated?
- What is the amount of the penalty that will be imposed if a county or municipality fails to comply?
