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CITY OF LINO LAKES <br /> COMPARISON OF FINAL 1998 AND PROPOSED 1999 TAX LEVY <br /> Final Proposed <br /> 1998 1999 Difference % Change <br /> General Fund Levy 3,274,526 3,505,964 231,438 7.07% <br /> Public Project Revenue Bond 125,882 122,417 (3,465) -2.75% <br /> Certificate of Indebtedness 1996 83,475 88,200 4,725 5.66% <br /> Certificate of Indebtedness 1997 105,896 88,200 (17,696) -16.71% <br /> Certificate of Indebtedness 1998 0 135,225 135,225 <br /> Civic Complex Bond 1998A ** 0 280,676 280,676 <br /> G.O. Improvement Bond 1998B 0 146,007 146,007 *** <br /> sub-total of bond payments 315,253 860,725 545,472 <br /> Total Levy 3,589,779 4,366,689 776,910 21.64% <br /> Less HACA 421,956 416,394 <br /> Net Levy 3,167,823 3,950,295 24.70% <br /> City Tax Rate 30.437 38.801 <br /> Proposed <br /> Tax Rate <br /> Constant Spending Levy Estimate 3,589,779 31.731 <br /> Additional Bond Payments 545,472 4.964 <br /> Additional General Fund 231,438 2.106 <br /> Total Levy 4,366,689 38.801 <br /> Page 5 <br />