|
2023 2024 2025 2026 2027
<br />Operating Levy
<br />101 General Fund 9,694,085$ 10,249,056$ 10,812,253$ 11,405,133$ 12,029,225$
<br />202 Rookery Activity Center 325,000 325,000 325,000 325,000 325,000
<br />402 Capital Equipment Replacement 325,000 600,000 810,000 972,000 1,166,400
<br />402 Capital Fire Water Tender Replacement - 248,820 246,558 244,296 242,034
<br />403 Office Equipment Replacement 25,000 25,000 25,000 25,000 25,000
<br />421 Pavement Management 860,446 948,000 1,041,000 1,145,000 1,260,000
<br />425 Park and Trail Improvements 90,000 90,000 90,000 90,000 90,000
<br />Total Operating Levy 11,319,531 12,485,876 13,349,811 14,206,429 15,137,659
<br />Annual % Change 10%7%6%7%
<br />Debt Levy
<br />315 Certificates of Indebtedness 106,299 - - - -
<br />335 2012A G.O. Bonds 176,109 - - - -
<br />338 2015A G.O. Bonds 223,532 219,857 216,182 269,798 222,364
<br />338 2015A G.O. Bonds - Abatement Portion 50,427 54,732 53,682 - -
<br />339 2015 EDA Lease Revenue Bonds 320,815 319,765 318,557 317,192 315,669
<br />344 2018A G.O. Bond 485,737 485,475 484,215 482,640 485,527
<br />346 2021A G.O. Bond 211,465 207,895 209,575 211,150 207,370
<br />New 2024 New Bond - Street Reconstruction - - 446,600 437,360 428,120
<br />Total Debt Levy 1,574,384 1,287,724 1,728,811 1,718,140 1,659,050
<br />Annual % Change -18%34%-1%-3%
<br />Total Tax Levy 12,893,915 13,773,600 15,078,622 15,924,569 16,796,709
<br />Less: Fiscal Disparities Distribution (1,384,776) (1,240,923) (1,314,462) (1,416,692) (1,465,892)
<br />Net Tax Levy 11,509,139 12,532,677 13,764,160 14,507,877 15,330,817
<br />Annual % Change 9%10%5%6%
<br />2023 2024 2025 2026 2027
<br />Tax Capacity
<br />Personal and Real Estate 35,485,183$ 36,549,738$ 37,646,231$ 38,775,618$ 39,938,886$
<br />Assumed New Growth - Residential - 663,155 1,366,100 2,110,624 2,898,590
<br />Assumed New Growth - Commercial - - - - -
<br />Total Tax Capacity 35,485,183 37,212,894 39,012,330 40,886,242 42,837,476
<br />Less: Fiscal Disparities Contribution (1,502,577) (1,547,654) (1,594,084) (1,641,906) (1,691,164)
<br />Less: Tax Increment Captured Value (1,037,875) (781,678) (805,129) (829,283) (528,564)
<br />Net Tax Capacity 32,944,731 34,883,561 36,613,118 38,415,053 40,617,749
<br />6%5%5%6%
<br />2023 2024 2025 2026 2027
<br />City Tax Rate 34.935% 35.927% 37.594% 37.766% 37.744%
<br />Tax Capacity Summary
<br />Tax Rate Summary
<br />City of Lino Lakes
<br />2023-2027 Financial Plan
<br />Tax Levy Summary
<br />11
|