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were less than the 97.5% collection rate. Therefore, we believe this is a conservative budget <br />approach. For the 2026 preliminary budget the safety margin has been adjusted to 1%. <br />The following shows a historical perspective of the City’s property tax gross levy collection rate: <br /> <br />97.91% <br />98.58% <br />97.08%97.04% <br />96.55% <br />97.05% <br />97.54%97.88%97.73% <br />98.52%98.85% <br />98.71% <br />99.47% <br />98.44% <br />98.61%98.77%98.89%99.22% <br />99.52% <br />99.59% <br />97.84% <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 2024 <br />Historical Property Tax Collection Rate <br /> <br />2.88% <br />6.95% <br />3.00% <br />4.19% <br />2.96% <br />5.00% <br />11.75% <br />8.74%7.84% <br />10.14% <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 2025 2026 <br />Gross Levy Increase/Decrease History <br /> <br />7