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08-09-2023 Workshop Packet
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08-09-2023 Workshop Packet
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8/25/2023 1:46:08 PM
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Key Impacts for Property Tax LevyLCFD Fire Services Contract: Proposed increase of $32,118 or 6.13%The Infrastructure Fund –Street Improvements (Fund 450) at $160,000 LevyFire Equipment Fund (Fund 457) at $160,000 LevyLocal Government Aid (LGA) increased by $236,629 or 107.11% in 2024Reminder: The City Levy is 2.5% more for the General Fund than what is actually neededTo account for a 97.5% Collection Rate of the LevyCurrent Collection Rate ‐Average last ten years 98.72% ( Note: This is due to delinquent accounts. Majority of delinquent are eventually collected and the collection rate is near 100%)
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