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CITY OF LINO LAKES
<br />2015 General Fund Budget/Gap Analysis
<br />Net Tax Capacity Calculation
<br />Taxable Market Value
<br />Annual % Change
<br />Total Net Tax Capacity Value
<br />Less FD Contribution in Value
<br />Less Captured Value for Tax Increment
<br />Total Net Tax Capacity Value
<br />Annual % Change
<br />Actual
<br />2013
<br />Actual
<br />2014
<br />Estimate
<br />2015
<br />1,519,857,242
<br />(7.35%)
<br />16,601,721
<br />1,205,912
<br />234,159
<br />1, 509, 921,169
<br />(0.65%)
<br />16,447,372
<br />1,063,999
<br />234,925
<br />1,701,495,382
<br />12.69%
<br />18,534,165
<br />1,198,996
<br />264,732
<br />15,161,650
<br />(7.96%)
<br />15,148,448
<br />Net Tax Capacity Rate Calculation
<br />Total Levy
<br />Less FD Distribution
<br />Total Net Levy for Tax Rate
<br />Annual % Change
<br />Projected City Tax Capacity Rate
<br />2013
<br />8,215,628
<br />1,124,143
<br />(0.09%)
<br />2014
<br />8,296,044
<br />1,226,988
<br />17,070,437
<br />12.69%
<br />2015
<br />9,785,655
<br />1,382,665
<br />7,091,485
<br />0.36%
<br />46.774%
<br />7,069,056
<br />(0.32%)
<br />46.665%
<br />8,402,990
<br />18.87%
<br />9.225%
<br />TAX CAPACITY RATE GAP
<br />Levy Required for Estimated 2015
<br />2015 levy at 2014 rate of 46.665%
<br />9,785,655
<br />9,348,621
<br />Adjustment Needed to Maintain 2014 Tax Rate 437,034 ;1
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