Financial Impact of Budget

The primary focus of the financial impact of the budget rests with the uniformly assessed annual charge. The annual charge constitutes approximately 53% of all income for CA. The remainder of income is a result of choices made by residents and non-residents to purchase programs or other offerings from CA.

Approximately 34% of the annual charge for fiscal year 2013 comes from business properties. The remaining 66% comes from residential uses including multi-family as well as single family dwelling units.

Using this formula, approximately $22.1 million of the annual charge comes from residential properties, with the remaining $11.39 million coming from assessed business properties.

Using an estimated 35,000 residential units as one of the elements of the equation, and using the latest Census Bureau median household income total for Columbia of $112,844, it is calculated that the owner of property with the median income calculated for Columbia uses about .56% of household income to pay CA’s annual assessment.

If you don’t like change, you will like irrelevance even less.
    - General Eric Shinseki