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Property Tax funding to city budget
2004 $64,325,034
2005 $60,618,869
2006 $66,217,216
2007 $63,926,230
2008 $67,056,675
2009 $76,149,571
2010 $78,525,638
2011 $79,566,667
2012 $94,142,096
2013 $97,658,368
Property TAx funding to Schools
2004 $97,641,524
2005 $100,917,997
2006 $103,546,399
2007 $113,126,355
2008 $118,064,827
2009 $118,064,827
2010 $123,968,468
2011 $125,010,374
2012 $118,644,632
2013 $118,644,632
Since 2007 local tax dollars to support the Warwick school budget has increased only $5.5 million or 4.9 percent overall, while the city budget has increased by $33.7 million or 52.8 percent overall. In 2007 64% of budget was allocated to schools - today 55% to schools - 45 to city. So you can't blame schools for the tax increases over the last 5 years.
The city side of the budget is out of control.
And for those who work for the city, think about this fact. Even through there were no raises this year for city employees and employees are paying more for healthcare and the school budget was level funded, over $3.5 million more in local tax dollars is needed for city spending.
If you don't realize there is a problem with the city budget, keep on believing the Mayor and the city council. In the very near future with the exploding retiree cost requiring more and more of new tax dollars, it is going to be very difficult to budget for raises for active employees.
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