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<br />97.91% <br />98.58% <br />97.08%97.04% <br />96.55% <br />97.05% <br />97.54% <br />97.88% <br />97.73% <br />98.52%98.85% <br />98.71% <br />99.47% <br />98.44% <br />98.61%98.77%98.89% <br />99.22% <br />99.52% <br />99.59% <br />95.00% <br />95.50% <br />96.00% <br />96.50% <br />97.00% <br />97.50% <br />98.00% <br />98.50% <br />99.00% <br />99.50% <br />100.00% <br />2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 <br />Historical Property Tax Collection Rate <br /> <br /> <br /> In November, the League of MN Cities Insurance Trust (LMCIT) announced a 6.5% reduction <br />in liability insurance rates for 2025. While the exact amount is not known, the City of Little <br />Canada’s liability insurance and worker’s compensation premiums are anticipated to go down <br />and the budget was decreased by $1,961 to match the prior year’s budget. <br /> Contracted services in the Administration Department were reduced by $1,380 due to one vendor <br />offering 25% off if the amount is prepaid. The city decided to take advantage of this opportunity. <br /> A payroll adjustment based on one employee's decision to opt out of the City’s health insurance <br />resulted in a $4,180 payroll reduction. <br /> <br />2025 Proposed Final Levy 7.84% <br /> <br />Fund 2024 Certified Levy 2025 Levy $ Change % Change <br />General Fund - 101 $4,150,784 $4,469,216 $318,432 7.67% <br />General Capital Fund - 400 100,000 130,000 30,000 30.00% <br />Fire Equipment Fund - 457 160,000 130,000 (30,000) -18.75% <br />Infrastructure Fund - 450 160,000 200,000 40,000 25.00% <br />Total $4,570,784 $4,929,216 $358,432 7.84% <br />2025 Final Gross Levy Compared with 2024 <br /> <br /> <br />Significant Differences Between 2024 & 2025 Budget <br /> Police Services Ramsey County Contract – 7.07% or $133,059 increase <br /> Personnel Services – 6.24% or $109,465 increase <br /> 1% additional levy per City policy or $44,768 (1.5% additional levy used in 2024) <br /> Fire Contract – 4.94% or $24,460 increase <br /> Attorney – 18.56% or $18,750 increase <br /> Contracted Services - $20,000 for Projects/Facility Management <br /> Infrastructure Fund Levy – 25% or $40,000 increase <br /> Fire Equipment Fund Levy - $30,000 decrease <br /> General Capital Fund Levy - $30,000 increase <br /> <br />