FY2022 Adopted Operating and Capital Budget

FY2022 Adopted Budget Fund Budgets

Parks Acquisition/Development

Parks Acquisition/Development This fund records the collections of recordation taxes dedicated to the acquisition and development of recreational and open space land. Funds are then transferred to the Capital Projects Fund or the Debt Service Fund to assist in this goal. A portion of the County's recordation tax revenue is dedicated for use in funding the County's acquisition and development of recreational and open space land. Effective October 1, 2020, the recordation tax was increased from $6/$500 of consideration to $7/$500 of consideration. The $1 increase is dedicated to agriculture preservation. This will not have an effect on the overall revenue dedicated to this fund but will decrease the percentage from 12.5% to 10.71%.

Budget Highlights Other Financing Uses is significantly lower in the FY22 Budget since there are no large Park projects in FY22.

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