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Qtv Tax Raba <br />s-Yesr /gaga Tarr Pab <br />2921 2924 2M 20-M ;?4,! <br />%bl <br />The full Plan will be presented to Council this Fall. The jump in the tax rate from 2024 to <br />2025 is mainly the result of: <br />• 2012A Improvement Bonds Debt Levy ending in 2023 ($176,109) <br />• Water Tender Operating Tax Levy beginning in 2024 ($242,000) <br />• Debt Levy for 2024 Street Reconstruction beginning in 2025 ($446,600) <br />The City previously moved away from issuing certificates of indebtedness in 2021. The <br />final debt levy from the 2020 Certificates of Indebtedness occurs in 2023. Issuing an <br />interfund loan instead of certificates of indebtedness shifts where the dollars are budgeted <br />and reported, but results in the same principal and interest payment. <br />Staff is seeking Council direction. <br />Attachments <br />Customer Fire Contract <br />6 <br />