Sandy post. (Sandy, Oregon) 1938-current, February 05, 1981, Image 4

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Sandy post., February 05, 1981, Page 4, Image 4

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Newspaper Page Text4— SANDY (O r«.) POST Thur*., Feto 5. IM I (S«c. 1) Tax information: Changes explained for post-retirement filing Many people go along very nicely year after year paying their taxes through payroll deductions, then suddenly retire, changing the source and amount of their income as well as their way of life. One change they will face is the way in which they do their taxes Often, newly-retired in dividuals find that instead of getting a refund, they owe a whopping amount of tax, to be paid no later than April 15. On top of that, the Internal Revenue Service will charge them a penalty for failure to estimate their taxes and pay them quarterly during the year For many, this is a surprise that prompts the question, "W hy d id n 't anyone tell me about this?” Hoping it has all been a big mistake, they seek help from n e ig h b o r s , r e la tiv e s , professional tax preparers, or the IRS to explain away this incredible revelation. The answers lie most generally in two areas: changes in income sources and amounts, and changes in the way the taxes are paid on that income T a k e , for ex a m p le , a mythical couple who have always been wage earners, raising a fam ily, filing tax returns pretty much the same way for a number of years. Call them George and Wilma Sample. Last year, the Samples filed a return very much like the returns they have been filing for years, they had wages, some interest and dividends, and itemized their deductions. Among the automatic deductions from George's paycheck were federal and state income taxes w ith h eld . Social Security taxes withheld, and payments into a pension plan. W ilm a's paycheck was also reduced by the withheld taxes, but she had no pension payments deducted since the employer paid all the cost Altogether, their income was $33,195 after deductions and their tax was $6.673, claiming two exemptions on a joint return Since they had $6.708 of federal income tax withheld from their wages. they were due a refund of $35. But this year is different This is the year the Samples have been w aitin g and working for George and W ilma will retire in January when they both turn 65 George gets a pension of $500 per month plus a lump sum distribution of $10,000 from the company’s profit sharing plan W ilma gets her pension of $300 per month They cash in their U.S.Series " E ” S av in g Bonds, sell some stock thes have been holding for in vestment and take and ex tended vacation around the world. In addition, they both are eligible for Social Security benefits, which they have been advised are nontaxable. The Sam ples’ taxab le income has decreased, naturally, since they are no longer working But let’s take a look at then* tax bill. They will report $4,720 in interest and dividend in come, $10,000 for the lump sum d is trib u tio n . $5.000 taxable portion of the gain on the sale of their stock, and $3.600 worth of taxable much of the selling price of the stock must I pay tax on? Hoes the Social Security income I am receiving affect my return9 If so, how9 Can I income average, average my lump sum distribution, call it a capital gain, or what? Can I wait till the end of the year and pay the tax then9 Things have c e rta in ly changed for the Samples. After all is said and done, they still have to come up with over three thousand dollars in one lump sum, right? Wrong! They are smarter than that. They had heard of estimating their taxes earlier during the year They knew that it would be a big problem to pay all their taxes at once, so they have made estim ated tax paym ents of $500 each quarter during the year In addition. W ilm a has arranged to have her former employer withhold federal income taxes in the amount she has designated from each of her pension checks. Come year-end. the Samples will have the m ajority of their tax bill taken care of, and the tax return w ill be pension for W ilm a . (G eo rg e's pension isn ’t taxable yet, since, for the first two years, he is just getting back the amount he paid in). Even after being able to c la im two a d d itio n a l exemptions for their age, the federal income tax on their total income of $23,320 is $3,063 on a joint return. But rem em ber, neither George nor W ilma work anymore and th ere is no tax withholding to help pay for this bill. When considering how and where to report all this, the Samples have a right to be confused. They felt pretty confident last year when they filled out their tax return; after all. they had been reporting pretty much the same sort of things and the practice had made them experts. But now the questions arise. Is my m onthly retirem ent pension taxable? How much is taxable? Where do I report the taxable portion and how do I compute it? How is the lump sum distribution taxed? How School Buune»» Syitvm i Oregon Department ol Edacaitnn N O TH EO F B lin i.H T HEARING A m vvtingol B o a rd o f D i r e c t « ™ S an d y U n to ti H ig h S c h o o l M a t r l c t M m .... lot the (Ite * y e * beginning lub I I •’ 111 (Continued from Page 1) "After looking the budget over carefully,” Peters said, the committee concluded that declining enrollment would allow the district to reduce the faculty by four teachers He said the staff reduction would take place through n atu ral a ttritio n when teachers retire or seek employment elsewhere at the end of the current school year The reduction would free approximately $105.000. the amount estimated to make im provem ents to the stadium and track The district has been plagued for several years with deterioration of the athletic facility located off Bluff Koad northwest of the main school building Peters said the tra c k needs resurfacing, and the athletic field has inadequate drainage, with portions of it standing under water every spring "That is a multi-million dollar physical education facility, and we don’t believe it should be allowed to deteriorate,” Petters said. A public hearing on the SUHS budget proposals is scheduled for Friday. Feb. 20. at 7 p.m. The meeting will be held in Room 50-51 at the school th e mg the piveedmg yeai Classified deadline is noon M onday School Husinru Sv derm Oregon Department o f Educatimi n o t t e of budget hearing D is tr ic t School Board A meeting of the . i.7:3O p Z «i _________ ___ » ji g, held on > * to o » - C ,c U for the fi»c*l y g * beginning July I . 19 f l i is approved by the riar-tum uxx Budget t o n mi t tee A u rm tu ry ol the budget n preaented befow 5 the precedmg veai L I Sandy Jan. 28, 1981 <O'v> POSITION NO 2 3 YEAR R E M A IN D E R OF UN EX Pl R E D T E R M POSITION NO 3 4 YEAR T E R M POSITION NO 5 3 YEAR R E M A IN D E R OF U N E X P IR E D TE R M HOODLAND F IR E D IS TR IC T NO 74 POSITION NO 3 4 YEAR TE R M We ve got i t . . . You should get it. Doubles the pleasure1 »tnf MMN*4 • JB* tetaeMX xee ___________________ L i Year-end Special! Total Propertv Taxes Requited to Balance Budget Rut TOT A l 00 TAX LE VIE S TO TA LLY FU N D E D BY LOCAL T axpayers One-Yeat Special Levy Outude Tax Bax Stnal Levte» Lavy (ut Payment o f Bunded Debt T O TA L PROPERTY T A X TO B( FU N D ED by lo < a i taxpayers _____________ 5 ,1 R M .O O 1 1 2 ,0 0 0 .0 0 111 ,2 0 0 .( 1 0 Y .9 J J .Y 1 2 .O O 4 ,6 H J » .W V 2 .1 7 3 .4 (1 3 .0 0 2 .h 7 9 ,1 0 5 .O 0 2 J O l S iv O f T 2 ,1 0 1 ,9 1 4 .0 0 1 5 5 ,6 9 7 .0 0 1 .9 0 0 .7 0 2 .0 0 , 1 4 0 ,7 9 1 ,0 0 2 ,0 4 1 ,4 9 5 .0 0 2 ,2 5 7 ,6 1 1 .0 0 2 9 6 , O M TO " 279^28 J » ' -0 - 2 .1 0 1 ,9 1 4 .0 0 9 6 ,5 0 0 .0 0 1 .9 O O .7 0 2 .0 0 161,600.00 - b t f c 75B- 3 5 3 ,1 4 4 .0 0 4 1 9 .0 1 4 .0 0 DEBI U L T S T A N D IN I, AS S U M M A R IZE D HEIOW - □ none DEBT A U T H O R IZ E D NOT IN C U R R E D L J AS S U M M A R IZE D H E IO W ie com pleted DEBT A IT H G R IZ E D M IT IN C U R R tD Next Year T h ii Vear a% of July 1 aa n i Jul> 1 -ft- TYPE Of D E R I at ol July 1 Bouds In te rn i Beating W a n in tt 1 .8 4 8 .0 0 0 .0 0 at o f Jul> 1 1 .7 1 9 ,0 0 0 .0 0 1 ,8 4 8 ,0 0 0 .0 0 1 ,7 1 9 ,0 0 0 .0 0 T A X LEVIES P A R T IA L L Y F U N D ED B I STATE OF OREGON Levy Within Tax Base ...................................... O n * Year Spec«* Levy Outade Tax Bate Sena! Levies ......................................................... TO TA L PROPERTY T A X TO BE P A R TIA LLY FU N D E D BY STATE SOURCES .... T A X LEVIES TO TALLY F U N D ED BY LO CAL TAX P A Y ER S One Yea 1 Special Levy Outside Tax bate Sena, Levies ......................................................... Levy for Payment of Bunded Debt ___ TO TA L PROPERTY T A X TO BL FU N D ED BY LO CAL TA XPAYER S .......... STIIDENTS T I U T H 1 W T o m , Supoortm« Saev«»« TOta> Community Svrvtcsi Total al O r b * Raqui,em *u> T o t * B .x tg a t R e q u . 't m v n n S b 2 ,2 2 1 t 6g2 T o t * Budget R e toure* 5.1 96.9 93. 6 2 8 , '5 m 636.720. Tota, Irntiuction Total Supporting S w eat T o t* Community S W 'ca t T o t* *1 O tb * Raou.'emantt T o t * Budget Requirement« T o t * Budget R e to u re * L J NONE □ ; -O - T V ______ ___ _ _ -Û - 1 ,9 0 0 ,0 0 . T o t * all O t h * Rvqun«menti Total B udg* Requirement« T o t* Budget Re«ourc* ................... Nex 1 V e * -0 - -O - -0 - -0 - -0 - . -Û - ....... -0 - -0 - -0 - -0 - a : -0 - -0 - -0 - -0 - -0 - -0 - -0 - .-.O r.. . -Û - Next Ye#, -Ü - -0 - -0 - ______1 -0 - -0 - -0 - -0 - 5 2 ,0 6 2 .0 0 1 J _ FUND . FUND Tb.» V««. L«i Y «, --------- S 2 , n « 7 . 0 0 “' 1 -0 - rJttr Th « Yeai -O - T o t * Supporting S w , c * T o t * Community S a i« « t AS SUMMARIZED BELOW -0 - -0 - 3 .9 0 0 .0 0 -0 - --------------- ------------------- T o t * Inetruetior f f . HORIZED NOT INCURRED NONE gafU 4 S 0 .0 0 0 .0 0 -0 - -0 - -0 - u x y u 1« 786.266. DEBT -Q - L«t Yg* 1.590,733. 1 ,6 3 8 ,6 5 5 . 4SO.OOO.OO --Û- -JJ- _______ T I T L £ 155.505. 1,590.773 Approved Budge’ Next Y e * 450. (H ill .IMJ 2J21.a6.3L. & E UNO Adopted Budget Thn Yeet Actual Data Lad Y e * 3 5 2 x 7 0 .6 , DEBT O jrr S T ANDINO □ AS SU M M A R IZE D BELOW -0 - -0 - FUNDS NOT REQUIRING AN AD VALOREM TAX TO BE LEVIED 5.196,993. •130 1,875.175 Eit mated Propert« Taxes Noi lo Be keoetved P ^ y E R T Y TA.X LE VY S P E Ç M L _ P R ftJ E Ç T S ______y U N 0 PUBLISH TABLE BELOW O N L Y IF COMPLETED DEBT OUTSTANDING This Vor Next Year TYPE OE DEBT a s o f July 1 81 » o f July 1 80 4,365,000. T o t* - 365. M 7 « ) U tt V « r 8o T o t * 1 m t rue to n .............................................................................. Total Supoortmg S w « * T otai Com m unn, S * « t t T o t* T o t* T o t* T o t* T o t * Budge* Requ rement» ........................ T o t * Budget R e to u r e « ....................................................................... ' ■ 1 T o t * Community S w < * 1 T o t * * ' O th * Requirement« T o t * B dget Reou'r«meno I T o t * Budget R e to u re * 4 .0 0 0 . -------------------- — 1 4 6 ,4 6 3 x 0 0 .^ ____ .............................................. .. ......................................................... 5 .6 L 2 . 966,000. 986,000. 230.000. 230.000, 8, ............................................................. ................................................................... T « * suppôt rmg S w e e t ............................... ......................... T o t * Community S wncet . . . .............................................. T o t * Alt O t h * Rvry. rvtnentt ................................................ T o t* Aequrrvriwnii I In d u ri»^ Tranatersi ........................ T o t* Retouteet Except T * to be Levied .. L J Late Y e * 8 0 1.526,615. ,.0 2 7 .6 2 7 . 8.615, 15L.028, T o t* Supporting S w i c * Next Y e * 8 2 ! Total Budget Requuvmeni« 2.650.520. ,.0 6 5 .9 6 5 . .............. Ad V *qr«m Taeet Received ..................................................... Ad V*or««et T«w Required tc, 8*anc e ................. E»t*m«rwi Tee Not 10 be Awe med Y e * 81 81 Next Y e * 82 T o l * Supporting S w i c * Sergi Levy (Opera' ng. ......................................................... S e r# Levy (Cap-ta1 Comrrucbenl ......................................... Levy F * Payment o' Bonded Oetot ...................................... ÏÎT J ÎT _FUNO Approved Budget 8l N a ît Yea» 82 8, l. . 2 j 6 4 8 x5 8 l. 1.726,817. 3 7 J 2 9. ... , 262,097-. 6 ,6 7 4 x g 6 . I ’u 8 2 0 > 6 9 1 .9 6 ÍJ 3 7 . . lût 73 JLAVI i t _______ Lett " J . ' 1 968,637. i ? PUNO * e * 80 ¡ 80 T*" v * ' 81 01 E itim atfd Ta« Not to b e Received T o t * Ad V *o te m Tax 11, be Levied Levy Witbm Tan Ha»» Ona Y « r S p e c * Levy S * ' * Levy Lavy Io» Payment o’ Bonded m datnedn*« T o t* tm t'uetion Tota' Supporting S w < a « ¡ [ Tola R eovem ent« (Incmdmg Tram «*»i Except T * 10 ba law-ad Ad Valorem Teees Retened Ad Yarorxm Tea R «aunad le Sdente E»t.-«a,ed Ta, No' lo L L _ . 37.133. [ 3 7 6 ,8 ,9 , I a _______________ L 626.208. 626.208. ,8 ,0 0 0 . _ 6O Í.7O Í 30 .51Í ba R ecam ad 636.720, T o t* Ap V e t o « - Tea to be Letned i n . Wob-n Tea Be»» One V«e-Spec * L e w 6 ,3 .9 5 2 , 613,952. .......................... Ser»* Levy lOpvar-ngt .......................... S e a t Levy (C apii* Comrrurl-onl Levy F * Ferment o’ Bonded Dato» -0 - -0 - 1 8 ,0 0 0 .0 0 4 ,4 0 0 .0 0 4 J 4 0 0 .0 0 1 8 ,0 0 0 .0 0 . 1 _ ' J b . o j 'L Í 2 K .5 5 O a . 2 . 6 7 9 . ID S .00 1 4 0 .7 9 3 .0 0 l J J Q f l . 7.Q2.OO 1 5 5 -6 9 7 .0 0 2 . 1 0 1 . 9 1 4 . OU 279J26.OO 296.066.00 J 1 . 8 0 5 , 8 2 6 . 0 0 ____ DEBT S E R V IC E __________ F u N 0 «— — = ----------------- r------------- et 1. ■ V Thr« Y e * L«1 Yee< J 1 ' 238,346,25 2 3 8 ^ 3 4 6 .2 5 -0 - - N ext Y e * ----------- 1 1 i t : ) 238 j 346.25 -0 - 1 I 2 3 7 .8 0 9 .5 0 . 1 9 .0 6 7 ,7 0 { 2 S 7 .4 1 1 .9 S I -------------------------------— - - A--- 25 7 . 6 11.35 JZ S P E C IA L LEVY --------------------- aca Tbrt Year* L«t Yg* S * . * Lew Levy Io» Payment •> Bonded inrteWednet« s* r/ 1 .6 4 9 .4 8 5 .0 0 1 .5 1 1 .7 3 4 .0 0 ________________ 1 .7 5 9 ,9 0 9 .0 0 T o t * Ad V *o rem Taa to be Levied Toe* R n u « x c * Ewtepr Tax to be Levied Ad V *o re m T a a * Reetivxd Ad Valorem, Ta, R*«uuad to B * a r t e e , K 4 .6 2 5 - 3 2 2 .0 0 4 ► -------------- - f t ------------- I J 5 6 J J 4 .0 C Next Y e * ( wQ - _ j I--------------------- ------------- - . . . -ft- »6.500.00 -Ö - 9 6 ,5 0 0 .0 0 -Ö - 96,500.00 J ( " .......................................... ... _ .. One V a * Spec,* Levy 1 5 ^ 1 8 9 .0 0 5 jl8 9 .0 0 -0 - f «'“ neiad Ta, Not to ba Received Tote' Ad V « * e m Tex to be Levied Lave W ith * Ta* Beaa t i 2^171x218.00 1 ,7 5 8 ,3 0 9 .0 0 3 .9 3 3 .3 1 2 .0 0 2 .1 7 3 .4 0 3 .0 0 Í32j49,’ .5Ó ? )2j49 ' . 5' T o t * Communrtv S w r e * Total Alt O t b * Requirament« T o t* R * > ,• 'amene« llnchrdmg T r e m f* il io c r jr “" " Next V g * 2 .3 1 2 ,9 1 5 .0 0 ____i________________ T o t* Reaourc* Except Tae to be Levied Ad Valorem T a , * Ret*yvd Ad Valorem Tax Required 10 B*anee Eitimated Tax Not to be Rrxaived T o t * Inatruetion T o t* Support.ng & * , . < * 6>M 2J- j£ ° o o . A p p ro v e d B u d g e t _____ Next Vaar02 6 ,6 3 2 3 - f UN0 Adopted Budge' Th« Y g * 2 ,0 5 8 ,6 1 4 .0 0 ^ 6 2 1 ^ .3 7 4 .0 0 .................................... .............. -0 - 1 8 ,0 0 0 .0 0 -0 - -O - f L * v W ith * Tax Bata Ona > a * Special Law S * . * Law Lave f * Payment o’ Bonded indabtadn«« Torai S upper t - g Sw-ce« T o t* Cotnmutwtv Servtcet Tota1 Ait O tb * A m a,'-—-venti Next * » * 126.055,00 Total Community S w > t * T o t * All O tb * Requirement! T o t* Requirement» llneiudmg Tian«ter»i 2,653,955- ,.6 3 8 .6 5 5 . _____ 1 5 6 .0 9 1 .0 0 -0 - 4 ,4 0 0 .0 0 • 4 ,4 2 3 .0 0 ... T o t* R e to u r« * Eaeaot T * to Oe Levied Ad Valorem T e e * Reca » *) Ad Valorem T a , Required to B*«nea 2,000. 1.338.162. . 100.313- 1.638.455- ............................... , ..................... -0 - Ï5 6 J W Ï7 5 5 Th « Yea, Actugi Data Lad Year 1 ,5 1 1 ,5 9 5 .0 0 T o t * Community S w < c * T o t * Alt O tb * Requirement« 219J36; 1,962.050. ,.6 3 5 .6 7 0 . 37.170... 230 > 6 0 . JL^65 u ' 5 0 l 2.307.00 , T o t* Ad v*qrem Tee to be Lewed W thm T e i Base -0 - j _________ GERFRAL__________________ Total (mtruetion FURO Th« Y « * -0 - 1 5 5 ,7 7 2 -0 0 . . 1 1 1 ,8 8 1 .0 0 . 1 5 5 , 7 7 2 , 0 0 X L 1 7 3 .B 8 1 -Q O . -0 - -O - 8 5 ,0 0 0 .0 0 8 5 ,0 0 0 .0 0 1 Adopted Budget , 80 1 5 6 .0 9 1 .0 0 FUNDS REQUIRING THE LEVY OF AN AD VALOREM I AX ID BALANCE THE BUDGET 2 ,000, 205,000, 205,000, J00_-_GEMERAL__________ Next Y e * -0 - 1 7 1 .8 8 1 .0 0 -0 - -0 - -0 - 8 5 ,0 0 0 .0 0 T o t * Budget R eto u re * 203.000. ----------77UŒT -------173739. -------T7T. 73T ' Thn Year J Leu Year T otai Community S w i c * Total *1 O tb * Requirement« FUNDS REQUIRING THE LEVY OF AN AD VALOREM TAX TO BALANCE THE BUDGET T o t * Im t r u e t w r L T " I T o t* Requirement« llneiudmg T,en«t*»i I T o t * Budget R e toure* upeei* Levy -0 - 1 5 5 .7 7 2 .0 0 -0 - -0 - . Tola' Inttiuctm n fund Vear 8| 5.0 00, 225.000. 1 7 1 ,2 3 9 . L _ • .................................................................... 1 Total *1 O t h * Requ,'«menu I Total Budget Requirement* Tote. Budget RequuemonU Total Budget Reaoure* J ........................................................... ............................................................. ......................................................... Im truction . .......................... Suppor t>ng SW'CV« Community S v y « * *1 O tn * Raquuemenu . . . i 15.812. . . . ............................ ... .......................................................... Total Support n g S w r e * 1 Totai Community S w c * R e io u rc e » -0~ 191 x 9 7 ¿ M C A P IT A L PROJECTS 91.29c. 91.290, JQfiD SL"¥JQi 80 Thet 79 L»i Year BO 1 T o t* Inetruetion Nw, Ye* ______ ________________1 J«Q C-X XA£JIAL-eiiru zc is 7 9 Lett v « r 80 r 80 Thtt T o t * Im tr u e tio n ............................... . ...................... T o t * Support.ng S w i c * ........................................................ g, 8l 87.290. 4.0 00. 1.000. 2^1.003; 241,003. ........................... fund 8 o Thee Y e * 175.676. 64.527. ............................... ........................................................... T o t * *1 Othe' Requ '«m enti T o t* .. ¿ 4 ¿ a ,Z .7 5 .,Q 0 L»t Ye* 20 0-S P E C IAL REVEMUE m L. B u d get R e t o u 'C * 6 ,1 8 5 ,0 0 0 . l FUNDS NOT REQUIRING AN AD VALOREM TAX TO BE LEVIED Ow * -Q - 242.779,00 POOD SER VIC E S ( other') I -0 - -0 - -0 - 1 4 8 .4 8 2 .0 0 T o t * Community S w « * T o t * * t O tb * Requuementt T o t * Budget Requirement« 191.9/4.00 k-- -0 - i Jh 1 4 8 ,4 8 2 ,0 0 92.779.00 15Qxfl9G,QQ- , Next Y e * Th « Year L«t Ye* T o t * Inatruetion T ot«‘ Suooor ting S w .ee« DEBT AUTHORIZED. NOT INCURRED Next Year This Y«r •io f July 1 « t a f July 1 4 ,1 0 5 ,0 0 0 . 79 Y our c o m p le te Lown & G a rd e n C en ter Law Within Tax Baae On» Yea. Special Lavy Outude Tax Bate Serial Lev*« TO TA L PROPERTY T A X TO BI P A R TIA LLY FU N D ED BY STATE SOURCES ’ aSSO a 1,766,350. 6,595,668. Total Property Taxes Requned k> Balince Budget Total instruction Mac’s Feed & Equipment . \ 112,415 1 ,9 0 0 ,7 0 2 .0 0 1 ,9 1 1 .3 1 2 .0 0 TA X LEVY____________________ T A X LEVIES P A R TIA LLY FU N D ED BY STATE OF OREGON Approved Budget Next Yeti 1^81-8! 6.595.668. Actual Data 668-4137 • 33680 Kelso Rd. B oring Appiiwtd Budget Next Yeei l q 5xi45J*L Total Property Taxe« Requited to Balaiue Budget Hut Eutmaied Ptopvtty Taxe« Not 10 He Received T o t* Im tructw n REVENUES Sow w it h 36-in. Bor & Chain T H E ’ C H A IN SAW TOR THE PROFESSIONAL LOGGER Ir H U It | J l o d V ^ 2 .1 7 5 ,2 1 8 .0 0 Total Communttt Setvke» Total All Othei Expenditure« and Requnementi T O T A ! ANTIC IP A TE D R EQ UIREM ENTS Í other 1 TOTAL INDEBTEDNESS Donald H. Brader STATEM ENT OF INDEBTEDNESS REVENUE SHARING PUBLIC NOTICE Proposed Use Hearing 668-5548 *1et* lit1 Ai 0 0 Ralph G r if f i n , 2 .O 5 R . M 4 . P O DEBT O UTS TAND IN G ----------T C T 7 S Ï ---------- Next V e n T 7 Ï7 Total Revenues Except Property T a xe s ...................... T O TA L INDEBTEDNESS P 181 10 1 29 and (C haipaiw m 1 Tola! Supporting Seivtcm T o t* Revenue« Except H opeov T a x * ANTIC IPATED Total Property Taxe« Requited to Halante Budget REVENUES ___________________TO TAL ANTK IPA TFD REVEN UES________________ 6:30 p . t . Total Community Services Total All Other Expenditures and Requirement! P 281 3 Roger Jordon City Manager Sandy. Oregon md Adopted A N TIC IP A TE D A TTEST: GEORGE O POPPEN COUNTY CLERK On February 9, 1981 at 7 30 p m at City Council Chambers the Sandy Budget Officer City Manager will noid a federal and state Revenue Sharing Proposed Use Hearing All citiiens are invited to attend and provide wr itter ano or ora1 comments on the use by the City of ap proximately M0.00C in Federal Revenue Snaring and $15.000 in State Revenue Sharing expected during its 198 1 82 fiscal year 1481 5, ~ l Date I T liu Y e a i 1° publish table below o n iy Thu Year I9go-8l 2.036.360. i,8 6 7 .» 7 0 . Total im tn tc ts o n ............................................................. Total Supporting S erv ice s ............................................ A N TIC IP A TE D T A X LEVY The necessary tiling forms may be obtained at each district administration office or a’ the Clackamas County Elections Department, County Courthouse, Oregon City, Oregon 97045 Questions should be directed to the districts or the Elections Department at 655 8551 a ■* . 8 : UP (Q w rp e n o n o f Governing Body I (P a te l T O T A L A N TIC IP A TE D REVEN UES Each candidate tor an office listed above must file a declaration of candidacy or petition tor nomination for office with the Elections Department of Clackamas County, Oregon, not later than 35 days before the date of such election, the oeadlme for such filing being 5 0C P .M on Tuesoay, February 24 ,981 ~ Total ImtnactMMi ANTIC IP A TE D oh Limed (me of no» cooautem with the baass of ».counting used dui FINANCIAL SUMMARY POSITION NO 5 4 YEAR TE R M ? .... Maior changes if inv and then effect on the budget arr explained below ¡y- jC o u n n i ^ POSITION NO 4 4 YEAR TE R M Mo . D l. /66. Stfldt tiF"- A copy o f the budget may be naprewd or The budget wa« prepared on a bass o f accotmlMg L&J coaaaseeat P u b l i c N o t ic e s F e b ru a ry FINANCIAL 8UMMARY C o u n ty S c h o o l— i l (Municipal Corporal««») Adm inistration O ffice Sandy Elementary School______________ between the hourt of 8:00 a.m. 3 9 0 6 5 P l e a s a n t S t . , Sandy, O regon ft between the hour« «I I Q ty » £ ¿“¡2122. □ .hiqif (( ttl- (Municipal fo ip o ra ito itl A Copy ol the budget may he mipe, ted 01 ..hunted tree ol S an d y Clack! REQf IREM ENTS lM . The puipotv ol llm meeting 1» IP diw-ua the Hodge Mapn change« if any . and then ellecl on (he budget aie rxpNmed below The purpote o f Ihn meeting 1« lo lixc u e the budget "9 TO TA L A N TIC IP A TE D R EQ UIREM ENTS BULL RUN SCHOOL D ISTR IC T . 1 9 ® ]__ . will bv hetd «ut ± t ± D U i l I X _ 2 û _ STATEM ENT OE IN D I HTEDNESS R E Q l IREMENTS NOTICE IS H E R E B Y G IV E N that at an election to be held on Tuesday, March 31, 1981, De tween the hours Ot B OO A M ano B 0C P M,, there will be sub mitted to the quelWieo voters of the following districts, can didates tor election as members Of the Boards of D-rectors to fill the following position* and terms, including any vacancies on the Boards which may exist Fet>~ 2 S a n d v U n io n H lu lt S c h o o l^ l l l a t t l e t Adml n l a t r a c f V» O f f i c e TO TAL PROPERTY A N T IC IP A TE D NOTICE OF D ISTRICT BOARD VACANCIES . «« appimed hy the Budge' C annuite« A aimmaiv o f the budget n prewmed below d M IV M No, (t m , vernina Bodvl S a ndy U n io n U t a h S c h o o l ___________ »Jit «I 7 t 3 0 p m ai A N TIC IP A TE D T A X LE VY B udget _ report pensions, and other timely topics. Another IRS publication, “ Tax W ithholding and Estimated T a x ” , Publication 505, is a good one to have. Both are available from moat local IRS offices in the state, or can be ordered by telephone toll-free. publication, “ Tax Benefits for Older Americans” , which gives basic information of interest to retirees Among the subjects covered in this publication are credit for the elderly, exclusion of gain on the sale of a residence for persons over 55. taxable and nontaxable income, how to that much easier to file. Not only that, but George and W ilm a have a good handle on their finances. They know approximately what their income will be and how to budget that income for necessities such as taxes The In te rn a ) Revenue S ervice o ffers a free I _____ : . . J J J J 1