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The largest contributor to the $401,581 decrease in the proposed 2025 levy was the removal of <br />the debt levy for the 2024/2025 Street Reconstruction Project. Staff originally anticipated <br />issuing bonds for that project this fall, but with the current project timeline, bonds will be <br />issued in 2025. The levy for those bonds has thus been pushed from taxes payable 2025 to <br />taxes payable 2026. <br />The operating levy offset some of the decrease from the debt levy due to a true up of wage and <br />benefit assumptions within the General Fund as well as an increase in the Park and Trail <br />Improvements Fund levy from $90,000 to $180,000 in response to the Park Board's request at <br />the June 3, 2024 City Council Work Session. <br />The proposed 2025 final levy maintains essential services and programs while the city continues <br />to experience rising costs in the current inflationary environment. Highlights of the levy <br />increase from the 2024 levy are depicted in the graph below. <br />Proposed 2025 Final Levy Increase <br />Street maintenance <br />and recon <br />10 <br />Park and trail <br />improvements <br />6% <br />Capital equipment <br />replacement <br />14% <br />Rookery Activity <br />Center <br />7% <br />Gene - - - �- <br />and benefits <br />13% <br />K <br />General fund <br />software and <br />equipment, <br />professional and <br />contracted services, <br />insurance premiums, <br />and contingency <br />50% <br />