Finance and Administration
Finance and Administration
Actual FY 2024Actual FY 2025Revised FY 2026Recommended FY 2027Recommended FY 2028
SOURCE OF FUNDS
General Fund
Regular Appropriation64,518,80067,671,50069,626,80065,542,00067,216,000
State Salary and Compensation Allocation2,453,500
Budget Reduction-General Fund(2,088,800)
Total General Fund66,972,30067,671,50067,538,00065,542,00067,216,000
Restricted Funds
Balance Forward509,826509,630689,500
Current Receipts7,626191,8874,097,3004,786,8004,786,800
Total Restricted Funds517,452701,5174,786,8004,786,8004,786,800
TOTAL SOURCE OF FUNDS67,489,75268,373,01772,324,80070,328,80072,002,800
EXPENDITURES BY CLASS
Personnel Costs64,168,23165,869,10271,585,70069,587,70071,261,700
Operating Expenses436,781448,406739,100741,100741,100
TOTAL EXPENDITURES64,605,01266,317,50872,324,80070,328,80072,002,800
EXPENDITURES BY FUND SOURCE
General Fund64,597,19066,305,47967,538,00065,542,00067,216,000
Restricted Funds7,82112,0294,786,8004,786,8004,786,800
TOTAL EXPENDITURES64,605,01266,317,50872,324,80070,328,80072,002,800
EXPENDITURES BY UNIT
Property Valuation Administrators64,605,01266,317,50872,324,80070,328,80072,002,800
TOTAL EXPENDITURES64,605,01266,317,50872,324,80070,328,80072,002,800

Each of the state's 120 counties has a locally elected Property Valuation Administrator (PVA). The PVA and an appointed staff are responsible for locating, identifying, and assessing at fair market value all taxable real property (land and improvements) and tangible personal property in the county. Tax revenues generated by these assessments are used to fund services provided by the state, cities, counties, and school districts as well as special taxing districts such as fire departments, libraries, extension offices, and refuse disposal services. Funding for PVA offices is provided by state, county, and city governments as well as from sales of maps and other geographic information.

Policy

The Governor's budget includes additional General Fund in the amount of $1,136,500 in fiscal year 2027 and $2,334,600 in fiscal year 2028 to fund a 2% salary increment in fiscal year 2027 and an additional 2% increment in fiscal year 2028.

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