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CITY OF LINO LAKES
<br />2014 General Fund Budget/Gap Analysis
<br />Net Tax Capacity Calculation
<br />Actual
<br />Actual Estimate
<br />2012 2013 2014
<br />Taxable Market Value 1,640,455,854 1,519,857,242 1,509,370,227
<br />Annual % Change (9.07 %) (7.35 %) (0.69 %)
<br />Total Net Tax Capacity Value 17,999,453 16,601,721 16,487,169
<br />Less FD Contribution in Value 1,246,881 1,205,912 1,197,591
<br />Less Captured Value for Tax Increment 279,219 234,159 232,543
<br />Total Net Tax Capacity Value 16,473,353 15,161,650 15,057,035
<br />Annual % Change (8.25 %) (7.96 %) (0.69 %)
<br />Total % Change from 2012 (7.96 %) (8.60 %)
<br />Net Tax Capacity Rate Calculation
<br />2012 2013 2014
<br />Total Levy 8,227,259 8,215,628 8,341,329
<br />Less FD Distribution 1,161,407 1,124,143 1,116,386
<br />Total Net Levy for Tax Rate 7,065,852 7,091,485 7,224,943
<br />Annual % Change (6.39 %) 0.36% 1.88%
<br />Total % Change from 2012 0.36% 2.25%
<br />Projected. City Tax Capacity Rate 42.893% 46.774% 47.984%{
<br />TAX CAPACITY RATE GAP
<br />Total 2014 levy at 2013 rate of 46.774%
<br />Plus: Voter Approved Levy for Signal Projects
<br />Total
<br />Adjustment to Maintain 2013 Tax Rate Net of Voter Approve
<br />8,159,091
<br />181,151
<br />8,340,242
<br />(1087)I
<br />LEVY LIMIT GAP
<br />2014 Estimated Levy Subject to the Limit
<br />2014 Estimated Levy Limit
<br />Amount Over /(Under) the 2014 Levy Limit
<br />4
<br />7,128,922
<br />7,408,603
<br />(279,681)
<br />
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