| Charlottesville City Manager's Financial Projections | |||||
| 7/19/2004—Five-Year Budget Estimates | |||||
| Projected Revenues | Projected Expenditures | Annual Budget Gap | |||
| Year | % Increase | ||||
| 2005 | 105,511,350 | 105,511,350 |
0
|
||
| 2006 | 108,081,546 | 110,709,968 | -2,628,422 | 4.93% | |
| 2007 | 110,203,931 | 114,493,474 | -4,289,543 | 3.42% | |
| 2008 | 113,061,986 | 118,130,435 | -5,068,449 | 3.18% | |
| 2009 | 115,409,971 | 121,876,578 | -6,466,607 | 3.17% | |
| 2010 | 118,588,637 | 125,738,030 | -7,149,393 | 3.17% | |
| Cumulative Gap | -$25,602,414 | 17.86% | |||
| 11/15/2004—Five-Year Budget Estimates | |||||
| Projec ted Revenues | Projected Expenditures | Annual Budget Gap | |||
| Year | % Increase | ||||
| 2005 | 105,511,350 | 105,511,350 |
0
|
||
| 2006 | 109,190,633 | 112,433,126 | -3,242,493 | 6.56% | |
| 2007 | 115,107,992 | 118,918,920 | -3,810,928 | 5.77% | |
| 2008 | 122,112,972 | 125,531,379 | -3,418,407 | 5.56% | |
| 2009 | 128,996,172 | 132,551,481 | -3,555,309 | 5.59% | |
| 2010 | 137,138,411 | 138,291,756 | -1,153,345 | 4.33% | |
| Cumulative Gap | -$15,180,482 | 27.81% | |||
| Five-Year Projected Median Home Values and Taxes | |||||
| Annual Tax Bill | Monthly Tax Bill | ||||
| Year | Home Value | % Increase | |||
| 2005 | 235,000 | 2,561.50 | 213.46 | ||
| 2006 | 262,260 | 11.6 | 2,858.63 | 238.22 | |
| 2007 | 288,486 | 10.0 | 3,144.50 | 262.04 | |
| 2008 | 317,335 | 10.0 | 3,458.95 | 288.25 | |
| 2009 | 349,068 | 10.0 | 3,804.84 | 317.07 | |
| 2010 | 383,975 | 10.0 | 4,185.33 | 348.78 | |