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8/15/2023
<br />2
<br />Tax Levy
<br />Adopted Proposed
<br />2023 2024 $ Change % Change
<br />Operating Levy Fund
<br />General Fund 101 9,694,085 10,369,384 675,299 6.97%
<br />Rookery Activity Center 202 325,000 325,000 - 0.00%
<br />Blue Heron Days (1) 205 - 10,000 10,000 0.00%
<br />Capital Equipment Replacement (2) 402 325,000 600,000 275,000 84.62%
<br />Capital Fire Water Tender Replacement 402 - 248,820 248,820 100.00%
<br />Office Equipment Replacement (1) 403 25,000 25,000 - 0.00%
<br />Street Maintenance (1) 421 860,446 990,000 129,554 15.06%
<br />Storm Water Maintenance (1) 424 - - - 0.00%
<br />Park and Trail Improvements (1) 425 90,000 90,000 - 0.00%
<br />11,319,531 12,658,204 1,338,673 11.83%
<br />Debt Levy Final Levy Year
<br />Certificate of Indebtedness 2020 2023 106,299 - (106,299) (100.00%)
<br />G.O. Bond 2012A (3) 2023 176,109 - (176,109) (100.00%)
<br />G.O. Bond 2015A (3) 2030 223,532 219,857 (3,675) (1.64%)
<br />G.O. Bond 2015A - Abatement Portion 2026 50,427 54,732 4,305 8.54%
<br />EDA Lease/Revenue Bond 2015 2035 320,815 319,765 (1,050) (0.33%)
<br />G.O Bond 2018A 2033 485,737 485,475 (262) (0.05%)
<br />G.O Bond 2021A 2031 211,465 207,895 (3,570) (1.69%)
<br />1,574,384 1,287,724 (286,660) (18.21%)
<br />Total Levy 12,893,915 13,945,928 1,052,013 8.16%
<br />2023-2024
<br />Tax Capacity & Rate
<br />Actual Proposed
<br />2023 2024
<br />Taxable Market Value 3,287,882,335 3,546,388,732 *
<br />Annual % Change 27.06% 7.86%
<br />Actual Proposed
<br />2023 2024
<br />Total Tax Capacity Value 35,452,015 38,978,401 *
<br />Less FD Contribution in Value (1,502,577) (1,820,393) *
<br />Less Captured Value for Tax Increment (1,041,739) (1,404,772) *
<br />Total Net Tax Capacity Value 32,907,699 35,753,236
<br />Annual % Change 29.14%8.65%
<br />Total Levy 12,893,915 13,945,928
<br />Less FD Distribution (1,384,776) (1,240,923) **
<br />Total Net Levy for Tax Rate 11,509,139 12,705,005
<br />Annual % Change 12.49%10.39%
<br />City Tax Capacity Rate 34.974% 35.535%
<br />*Preliminary Estimate from Anoka County
<br />**City Estimate
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