Each year the County’s budget increases based off the net new construction. Our current growth has allowed our operating levy to increase by about 2%. This has allowed us to address some priorities and offset some inflationary pressures. However, the amount received from net new construction alone is not enough to keep up with the demand for our public safety services.
Net new construction refers to the increase in the assessed value of only new or improved property. When new buildings are constructed or existing buildings are improved, the assessed value of the property usually increases. It's important to note that not all new construction counts towards net new construction. For example, construction of exempt properties such as churches, schools, and government buildings are not included in the calculation of net new construction.
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