The Finance Department is responsible for the financial management and accounting for the City of Rogers. This includes the following:
The City of Rogers financial health is in favorable condition as reaffirmed by Standard & Poors Rating Services. The City’s bond rating was improved from an Aa2 with Moody’s Investors Services to an AA+ with Standard & Poors on February 11, 2014. This is good news for the City of Rogers and a direct reflection upon the current and past City Councils, and its management team, for their effort in securely managing the City’s finances and assets. The AA+ rating is one notch below a perfect AAA rating and increases the ability for the City to sell bonds with a lower interest rate, ultimately saving the City money. Some of the key factors in this increase cited a very strong economy and budgetary flexibility, strong budgetary performance and liquidity, and strong management with good financial policies and practices.
The property tax levy is the total dollar amount calculated by the City as needed to fund City services, capital expenditures and general debt obligations. It is applied to property values (taxable market values translated into tax capacities) and determines the amount that is placed on your property tax statements for the following year. The Rogers City Council set the preliminary 2013 levy on Tuesday, September 11, 2012. The preliminary levy is the maximum levy amount that can be certified as a final levy by December 28, 2012. The levy can be reduced but not increased between the time the preliminary and final levies are set.
Read more: 2013 Budget Facts
Overview of 2014 Budget and Levy and Related Impacts, December 10, 2013
Read more: 2014 Budget and Levy Process