Dover’s Visual Budget, part of the City’s Budget Revealed initiative, is a way for citizens to see how property taxes and other revenues contained in the proposed Fiscal Year 2020 annual operating budget will support Dover’s governmental services and activities. This page and the links above provide a visual representation of where revenue is proposed to come from, how the money will be used, dedicated funds and existing debt obligations. Also included is more detailed information about the proposed budget, as well as prior years’ adopted budgets.
The charts below display all of the City’s budget categories. There are four major funds that comprise the budget: general, enterprise, special revenue and internal service. By clicking on a budget category, you’ll see the total amount for that category.
To see how property tax dollars contribute to the budget, enter an amount for an annual property tax bill in the box below. You can hover over and/or click on each area of the chart for more detail.(After entering a tax bill amount, click here to refresh the page. By default, the average residential property tax bill for FY2019 is shown.)
The chart below shows how property taxes and other sources of revenue are proposed to be used in all areas of the Fiscal Year 2020 annual operating budget. (More information about Expenses)
There are several sources of revenue and funding in the proposed Fiscal Year 2020 annual operating budget which will support Dover’s governmental services and activities. (More information about Revenue)
The City maintains various capital reserve funds for infrastructure, equipment and other specific uses allowed by law. In addition, the City also has a fiduciary responsibility for a number of trust funds, such as scholarships, perpetual care of cemeteries, and other obligations. (More information about Dedicated Funds)
Most major expenses, such as building a new school or street reconstruction, are funded by borrowing money through the issuing of municipal bonds. These loans from investors are paid back over several years through debt service appropriations in the annual operating budget. (More information about Debt)