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2024 2025 $ Change % Change
<br />General Fund Levy 5,998,212 5,132,101 (866,111) -14.44%
<br />Debt Service Levy 2,923,830 3,251,728 327,898 11.21%
<br />Capital Levies
<br />Infrastructure Reserve Levy (new) - 500,000 500,000
<br />City Center CIP Levy (new) - 50,000 50,000
<br />Park CIP Levy (new) - 100,000 100,000
<br />Vehicle & Equipment Levy* - 400,000 400,000
<br />Street Maintenance Levy* - 600,000 600,000
<br />TOTAL LEVY $ 8,922,042 $ 10,033,829 $ 1,111,787 12.46%
<br />* Vehicle & Street Levies were formerly a Transfer in the General Fund Levy
<br />
<br />City Levies over time are shown in the following chart (2025 is proposed);
<br />
<br />
<br />Breaking down the increase in the total levy, it can be summarized as follows;
<br />
<br />
<br />• General Fund plus Vehicle/Equipment & Street Maintenance set-
<br />asides account for about $134K, or 15.5%, of the increase. We’re
<br />counting these together for the time being because those two set-
<br />asides already existed in the 2024 GF levy as transfers.
<br />
<br />• Debt Service accounts for $328K, or 38%, of the increase.
<br />
<br />• New Capital levies account for $650K, or 46.5%, of the increase.
<br />
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<br />In order to distribute the levy across the city, the County utilizes calculations of market value, homestead
<br />exclusions, and class rates to calculate the tax capacity of each property. The sum of all tax capacity is
<br />compared to the levy requested (less fiscal disparities) to determine the local tax rate. The Levy History
<br />charts in the Appendices provide more insight on trends in this area.
<br />
<br />Note: when we discuss or illustrate values and capacity below, it is shown in the “Tax Year”, as opposed
<br />to the “Assessment Year”, which is the year prior. Those assessments are based on property and sales
<br /> -
<br /> 2,000,000
<br /> 4,000,000
<br /> 6,000,000
<br /> 8,000,000
<br /> 10,000,000
<br /> 12,000,000
<br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
<br />City Levies
<br />Library
<br />Debt Service
<br />Capital Levies
<br />General Fund (after
<br />Fiscal Disp.)
<br />Portion of Levy Increase
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