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CITY OF LPI'PLE CANADA, MINNESOTA
<br />HISTORICAL/PROJECTED TAX LEVIES
<br />1985 /1986 through 1989 /1990
<br />Exhibit J
<br />1989/1990
<br />1989
<br />1988 1989 Special
<br />1985/1986 1986/1987 1987/1988 1988/1989 Law Vetoed Law Session Law
<br />GENERAL BONDED DEBT:
<br />1981 Street (MSA Bonds) $24,000 $22,000 $0 $0 $0 $0 $0
<br />$170,000 Revenue Bonds of 1981 10,000 10,000 10,000 10,000 10,000 10,000 10,000
<br />1983 Equipment Certificates 55,000 63,000 0 0 0 0 0
<br />1986 Storer Sewer Bonds 0 115,000 123,000 124,000 123,000 123,000 123,000
<br />1986 MSA Bonds 0 25,762 0 0 0 0 0
<br />1990 Fire Station Installment Contract 0 0 0 0 91,733 91,733 91 733
<br />Subtotal 89,000 235,762 133,000 134,000 224,733 224,733 224 733
<br />SPECIAL ASSESSMENT DEIST:
<br />1966 Bonds 49,900 1,538 44,625 43,350 46,495 46,495 46,495
<br />1967 Bonds 57,500 26,000 51,510 50,065 48,620 48,620 48,620
<br />1971 Bonds 10,000 30,000 0 0 0 0 0
<br />1973 Bonds 0 0 46,565 0 0 0 0
<br />1978 Bonds 187,700 187,700 177,300 177,300 177,300 177,300 177,300
<br />1978 Refunding Bonds 50,000 20,000 0 0 0 0 0
<br />1982 Bonds 100,000 0 0 0 0 0 0
<br />1983 Bonds 56,000 59,000 62,000 65,000 68,000 68,000 68,000
<br />1985 Refunding Bonds 0 40,000 45 000 52,500 52,500 52,500 52 500
<br />Subtotal 511,100 364,238 427,000 388,215 392,915 392,915 392,915
<br />Total Debt Levies
<br />600,100 600 000 560,000 522,215 617,648 617 648 617 648
<br />GENERAL FUND:
<br />Maintenance 527,508 590,747 573,800 566,032 637,650 622,820 854,682
<br />Capital 150,000 80,000 141,200 170,000 124,700 124 700 124 700
<br />Total General Fund 677,508 670 747 715,000 736,032 762,350 747,520 979,382
<br />Total Tax Levy $1,277,608 $1,270,747 $1 275,000 $1,258,247 $1,379998 $1,365,168 $1,597,030
<br />Increase /(Decrease) $3,562 ($6 861) $4,253 ($16,753) $121 751 $106921 $338 783
<br />Percentlncreasc /(Decrease) (1%) 0% (1%) 10% 8% 27%
<br />1988 Law 1989 Special Session
<br />1989 /1990 INCREASE: Amount Percent Amount Percent
<br />Pre 1990 Bonded Debt $3,700 0.3% $3,700 0.3%
<br />Inflationary Increase 26,318 2.1% (12,609) -1.0%
<br />1990 Fire Station Lease 91,733 7.3% 91,733 7.3%
<br />State Aid Transfer /'Shift" 0 0.0% 255,959 203%
<br />Total Increase
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<br />$121 751 9.7% $338,783 26.9%
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