Episode 9: City Budget 101 (or One-oh-FUN!)

IMG_6573It is the kick-off of October Ballot Bingo Extravaganza! This episode, City Budget 101 (or, as I like to call it, City Budget One-oh-FUN!) is your first chance to listen and win.  Get all the details on playing along and how to win HERE.

In this episode we dive deep into the City Budget bringing you the info you need to decide how you want to vote in November. We did a lot of maths for this episode, so below are the charts and graphs we reference. Double-check us if you want! (If you haven’t listened yet, trust us, it’s fun. Trust us.)

 Ready to Play?

Click the BALLOT BINGO image to see full-size and print.

BALLOT BINGO Week One _ City Budget One oh Fun

The Audio

The Maths

(For those who want The Maths)

SALES TAX AND PROPERTY TAX FOR CITY – COMPARISON

City Population City Budget Sales Tax (city/county/state combined) Sales Tax (City only) Property Tax (city portion)
Colorado Springs, CO 457,912 $444,000,000.00 7.63% 2.50% 4.279 mills
Ft. Collins, CO 155,400 $556,500,000.00 7.4 % 3.85% 9.797 mills
Boulder, CO 101,808 $316,771,328 8.845% 3.86% 8.7481 mills
Portland, OR 609,456 $3,600,000,000.00 0.00% 0.00%
Oklahoma City, OK 610,613 $1,104,035,125

SPENDING PER CITY COMPARISON

(Note: This is really basic budget according to population minus nuance – aka Painting with Primary Colors)

City Population Budget/Expenditures Spending per Citizen
Colorado Springs, CO 457,912 $444,000,000.00 $969.62
Ft. Collins, CO 155,400 $556,500,000.00 $3,581.08
Boulder, CO 101,808 $316,771,328 $3,111.46
Portland, OR 609,456 $3,600,000,000.00 $5,906.91
Oklahoma City, OK 610,613 $1,104,035,125 $1,808.08
Tampa, FL 352,957 $876,000,000.00 $2,481.89

BUDGET, SPENDING, GDP PRODUCTION COMPARISON

City Population Budget/Expenditures Spending per Citizen GDP (all industries) GDP Production Per Citizen
Colorado Springs, CO 457,912 $444,000,000.00 $969.62 $29,232,000.00 $63.84
Ft. Collins, CO 155,400 $556,500,000.00 $3,581.08 $14,323,000.00 $92.17
Boulder, CO 101,808 $316,771,328 $3,111.46 $22,354,000.00 $3,111.46
Portland, OR 609,456 $3,600,000,000.00 $5,906.91 $159,328,000.00 $261.43
Oklahoma City, OK 610,613 $1,104,035,125 $1,808.08 $72,629,000.00 $118.94
Tampa, FL 352,957 $876,000,000.00 $2,481.89 $128,201,000.00 $363.22

MEDIAN HOUSEHOLD INCOME AND PROPERTY TAX COMPARISON

Assume your home is worth $250,000.00 and you purchase $5,000.00 worth of goods in your city each year
City Population Median Household Income Your city property tax is Your city sales tax is Total % of your income going to city services Total dollar amount
Colorado Springs, CO 457,912 $54,351.00 $85.15 $125.00 0.39 $210.15
Ft. Collins, CO 155,400 $53,780.00 $194.96 $192.50 0.72 $387.46
Boulder, CO 101,808 $57,112.00 $174.09 $193.00 0.64 $367.09

The Sources

Colorado Springs 2015 Budget

Colorado Springs 2016 Proposed Budget

Details on the Parks, Recreation and Culture Budget

Breaking down the 2016 Budget (FOXNews21)

Washington Post Koch Brothers article

CS Indy Post on Koch vs. Harry Reid

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