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4.231 %
<br />5.008%
<br />5.081%
<br />5.118%
<br />5.127%
<br />5.116 ° /
<br />Available Fu ndinq Sources
<br />15
<br />Year
<br />2005
<br />2006
<br />2007
<br />2008
<br />2009
<br />Total
<br />Levy
<br />236,538
<br />347,500
<br />473,700
<br />705,920
<br />958,105
<br />Projected
<br />Tax Capacity
<br />(5% Growth)
<br />15,468.021
<br />16,241,422
<br />17,053,493
<br />17,906,168
<br />2010 1,247,605
<br />2011 1,392,390
<br />2012 1,542,840
<br />2013 1,699,955
<br />2014 1,866,120
<br />18,801,476
<br />19,741.550
<br />20,728,628
<br />21,765,059
<br />22,853,312
<br />23,995 ,977
<br />Projected
<br />Tax Rate Tax Capacity
<br />Impact (7.5% Growth)
<br />1.529% 15.468,021
<br />2.140% 16,628,123
<br />2.778% 17,875,232
<br />3.942%
<br />19,215,874
<br />5.096%
<br />6.320%
<br />6.717%
<br />7.089%
<br />7.439%
<br />7.777%
<br />20,657,065
<br />22,206,345
<br />23,871,820
<br />25.662,207
<br />27,586,872
<br />29,655,888
<br />Projected
<br />Tax Rate Tax Capacity
<br />Impact. (10% Growth)
<br />1.529% 15.468,021
<br />2.090% 17,014,823
<br />2.650% 18,716,305
<br />3.674%
<br />20,587,936
<br />4.638%
<br />5.618%
<br />5.833%
<br />6.012%
<br />6.162%
<br />6.293%
<br />22,646,730
<br />24,911,403
<br />27,402,543
<br />30,142,797
<br />33,157,077
<br />36,472,784
<br />Tax Rate
<br />Impact
<br />1.529 %
<br />2.042%
<br />2.531%
<br />3.429%
<br />The projected property tax impacts on a residential home in the City valued at
<br />8228,400 are shown in the following table. The 2005 projected property tax
<br />impacts represents the City's actual 2005 levy for street maintenance. The 2006
<br />projected property tax impacts reflect only maintenance costs for sealcoating
<br />and overlaying from the PMR. The projected property tax impacts for 2007
<br />through 2014 reflect both maintenance costs for seal coating and overlays and
<br />debt service on the G.O. Improvement Bonds issued to finance the
<br />reconstruction projects each year. The maximum property tax impact occurs in
<br />2014 and is projected to range from approximately $117 to approximately $178
<br />depending on the rate of growth in the City's tax base. Again, this is less than
<br />the projected impacts from the G.O. Bonds ($136 to $206) because special
<br />assessments reduce the property tax levy required. Property tax impacts would
<br />continue through 2029 when all the G.O. Improvement Bonds issued have been
<br />repaid. Additional property tax impacts after 2014 again would depend on how
<br />the City decided to fund the PMR in subsequent years.
<br />Pro j ected
<br />Tax Rate Impact
<br />Year (5% Growth)
<br />2005 1.529%
<br />2006 2.140%
<br />2007 2.778%
<br />2008 3.942%
<br />2009 5.096%
<br />2010 6.320%
<br />2011 6.717%
<br />2012 7.089%
<br />2013 7.439%
<br />2014 7.777%
<br />Annual
<br />Impact
<br />Proj ected
<br />Tax Rate Impact
<br />(7.5% Growth)
<br />Projected
<br />Annual Tax Rate Impact Annual
<br />Impact (10% Growth) Impact
<br />$ 34.93
<br />1.529%
<br />S 34.93
<br />1.529%
<br />$
<br />5.081 %
<br />5.118%
<br />34.93
<br />$ 48.87
<br />2.090%
<br />$ 47.73
<br />2.042%
<br />$ 63.44
<br />2.650%
<br />$ 60.53
<br />2.531%
<br />$ 46.65
<br />$ 57.81
<br />$ 90.04
<br />3.674%
<br />$ 83.91
<br />3.429 %,
<br />$ 78.31
<br />$ 116.39
<br />4.638%
<br />$ 105.94
<br />4.231%
<br />$ 96.63
<br />$ 144.34
<br />5.618%
<br />$ 128.32
<br />5.008%
<br />$ 153.42
<br />5.833%
<br />$ 133.22
<br />$ 161.90
<br />6.012%
<br />$ 137.32
<br />$ 169.90
<br />6.162%
<br />$ 140.74
<br />$ 177.62
<br />6.293% $ 143.72
<br />$ 114.39
<br />$ 116.06
<br />$ 116.91
<br />5.127% $ 117.10
<br />5.116% $ 116.86
<br />Sprtr sted
<br />- 1 8 4 -
<br />City of Lino Lakes - Pavement Management Plan Financing Report
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