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As noted in the graph above the preliminary levy was set at 12.85%. Since the preliminary tax levy, <br />few small adjustments were made which resulted in a decreased levy from 12.85% to 11.75%. Total <br />levy decreases of $41,266 or 1.1%. <br /> <br />1. Increased charges for service revenues – Old Fire Hall rentals initially estimated at $4,500 <br />preliminary, increased to $12,000 for final. <br />2. Building permits revenues were increased by $20,300 due to proposed fee increases for 2023. <br />3. Included a transfer from Fund 463 Fleur Royale for approximately $6,000 to the General Fund. <br />This fund was used to track the Fleur Royale note that had a maturity date of 2020. Since there <br />are remaining City funds in Fleur Royale (Fund 463), a transfer to the General Fund was <br />included in the 2021 budget for $19,000, a $7,000 in the 2022 budget, and a final transfer for <br />the remaining fund balance of approximately $6,000 for the 2023 budget was included. <br />4. Fire Contract services budget decrease $5,000, from $468,189.58 to 463,189.58. Budget <br />adjustment were done for banquet and special events expenditures. <br />5. Health insurance premium adjustment. City staff used an estimated amount for health insurance <br />at preliminary. A final amount was received at the beginning of November which resulted in <br />approximately $3,000 decrease in expenditures. <br />6. Expenditures for $2,000 were added under the Administration department for Miscellaneous <br />and Staff Training/Events. <br /> <br /> <br /> <br />2023 Gross Levy Compared with 2022 <br />Fund 2022 Certified Levy 2023 Levy $ Change % Change <br />General Fund $3,479,210 $3,883,524 $404,314 11.62% <br />Fire Equipment 160,000 160,000 $0 0.00% <br />Infrastructure Fund 122,200 160,000 $37,800 30.93% <br />Total $3,761,410 $4,203,524 $442,114 11.75% <br /> <br /> <br />Based on the 2023 final 11.75% Levy increase, it is anticipated that the City of Little Canada’s tax rate <br />will transition from the 3rd lowest in 2022 to the 4th lowest in 2023 when compared to other Ramsey <br />County municipalities behind North Oaks, White Bear Lake and Arden Hills. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />City Tax Rate Payable 70.00 61.63 60.00 50.91 50.00 <br />45.66 40.55 <br />43.16 40.00 34.50 <br />35.14 <br />35.75 <br />36.49 <br />37.25 30.26 <br />32.09 30.00 24.261 <br /> <br /> <br />25.29 <br />25.83 <br />27.170 <br /> 20.00 11.70 10.000 <br /> <br />