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<br />The following graph shows the history of gross levy increases over the past eight years. <br /> <br />Fund 2023 Certified Levy 2024 Levy $ Change % Change <br />General Fund $3,883,524 $4,180,445 $296,921 7.65% <br />Fire Equipment 160,000 160,000 $0 0.00% <br />Infrastructure Fund 160,000 160,000 $0 0.00% <br />Total $4,203,524 $4,500,445 $296,921 7.06% <br />2024 Preliminary Gross Levy Compared with 2023 <br /> <br />The 2023 Certified levy was an increase of 11.75% from 2022. This year’s preliminary levy, as <br />noted in the above table, is an increase of $296,921 or 7.06%, from 2023 and it was calculated <br />using a 3% COLA increase (2023 COLA adopted was 4.7%) Further, there were no changes to the <br />levy for the Infrastructure Fund (Fund 400) and Fire Equipment Fund (457) and were kept at <br />$160,000 for each fund. As mentioned earlier, a reduction to the operating budget of <br />approximately $42,000 will need to be made in order to reduce the levy by 1%. <br /> <br /> <br /> <br />2.88% <br />6.95% <br />3.00% <br />4.19% <br />2.96% <br />5.00% <br />11.75% <br />7.06% <br />0.00% <br />2.00% <br />4.00% <br />6.00% <br />8.00% <br />10.00% <br />12.00% <br />14.00% <br />2017 2018 2019 2020 2021 2022 2023 2024 <br />Gross Levy Increase/Decrease History