Treasury and Taxation
2022 Proposed Budget
The Division of Treasury and Taxation is responsible for the collection, safekeeping, investment, and disbursement of all public monies of the City. This Division also encompasses the functions of business licensing and administration of the City’s special assessment program. The income tax section administers the City tax code in a manner that is accountable and responsive to the public for the purpose of generating revenue to finance city services. The section also collects delinquent city taxes in a way that balances both fiscal responsibility and fair collection practices.
Funding Sources
Division of Treasury and Taxation personnel and operating supplies and services are supported by the General Fund and Special Assessment fund. The Division includes 41 FTEs.
2022 Highlights
Labor accounts for 88.3% of Treasury’s General Fund expenditures and 86.5% of Taxation’s General Fund expenditures.
The budgeted transfer out of the Capital Improvements Fund is included in Treasury’s 2022 proposed budget. This amount is $18,000,000.