|
Adopted Adopted Adopted Preliminary Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030Net Tax LevyTotal Tax Levy 9,776,732$ 10,055,416$ 10,491,518$ 11,141,815$ 11,836,935$ 12,412,575$ 13,256,644$ 14,067,564$ 14,925,899$ 15,950,683$ 16,811,170$ 17,139,100$ 17,708,110$ FD Distribution (1)(1,360,639) (1,375,292) (1,447,780) (1,472,118) (1,560,453) (1,654,358) (1,753,623) (1,858,664) (1,970,237) (2,088,235) (2,213,917) (2,329,271) (2,361,267) Total Net Tax Levy 8,416,093$ 8,680,124$ 9,043,738$ 9,669,697$ 10,276,482$ 10,758,217$ 11,503,020$ 12,208,900$ 12,955,662$ 13,862,447$ 14,597,254$ 14,809,829$ 15,346,844$ Net Tax CapacityTax Capacity (2)21,289,294 22,687,236 24,949,162 26,559,675 28,153,256 29,842,451 31,632,998 33,530,978 35,542,836 37,675,407 39,935,931 42,332,087 44,872,012 FD Contribution (3)(1,215,584) (1,322,808) (1,486,922) (1,537,086) (1,613,940) (1,694,637) (1,779,369) (1,868,338) (1,961,755) (2,059,842) (2,162,834) (2,270,976) (2,384,525) TIF Captured Value (4)(421,495) (606,568) (719,368) (769,651) (768,809) (1,169,311) (1,004,631) (1,044,150) (1,086,447) (852,668) (892,799) (936,140) (982,948) Total Net Tax Capacity 19,652,215$ 20,757,860$ 22,742,872$ 24,252,938$ 25,770,506$ 26,978,503$ 28,848,997$ 30,618,490$ 32,494,635$ 34,762,897$ 36,880,298$ 39,124,971$ 41,504,539$ Tax Capacity Rate 42.826% 41.817% 39.766% 39.870% 39.877% 39.877% 39.873% 39.874% 39.870% 39.877% 39.580% 37.853% 36.976%Assumptions:(1) 5.00% annual increase in FD Distribution Value multiplied by the City's previous year tax capacity rate. 5 year historical average increase was 7.5%.(2) 6.00% annual increase. 5 year historical average increase was 7.5%.(3) 5.00% annual increase. 5 year historical average increase was 6.8%.(4) Captured Net Tax Capacity for TIF districts 1-5, 1-10, 1-11, 1-12, and future 1-13 per the approved TIF Plans.City of Lino LakesCapital Equipment PlanTax Capacity Rate Schedule
|