Great Bend has a longstanding record of fiscal responsibility based upon sound financial planning and budgeting. This has made it possible for being able to reduce the City’s mill levy from 61.93 mills in 1995 to 42.348 mills in 2011. The dollars levied in 1995 totaled $3,262,500 compared to $3,953,102 in 2011, an annualized increase of only 1.32%. The Tax Dollars and Mills Chart
provides more information on assessed valuations and levies and the Total Dollar Levy Comparisons
provides information on how the City’s Dollar Levy increases have compared to the County, Community College, and School District.
County Sales Tax
The City receives revenues from a 1% County Sales Tax. This money goes into the City’s General Fund and reduces property taxes. The 2011 Budget anticipates $1,900,000 in County Sales Tax.
1/2% City Sales Tax
The 1/2% city sales tax was approved by referendum and the collections began on April 1, 2004. Money received from this tax is split three ways: 45% for Capital Improvements, 20% for economic development incentives, and 35% property tax relief. In the 2011 Budget the levy was reduced by $695,000 using the property tax relief money from the 1/2% City Sales Tax equaling 7.45 mills.
1/4% City Sales Tax
The 1/4% city sales tax was approved by referendum and the collections will begin July 1, 2009. The tax will pay for the debt service on $5,000,000 G.O. Sales Tax Bonds that was issued to fund street replacements, maintenance, and repairs throughout the City; excess sales tax that is not needed for debt service on this issue will be used for street projects.